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close to a state of nature, with the ideal proximity to the state varying across agents. Before this coordination game is …
Persistent link: https://www.econbiz.de/10010738542
this coordination game with heterogeneous preferences is played, a cheap talk communication stage is offered to players who … coordination motive and the prior information structure. Equilibrium strategic communication networks are characterized in a very …
Persistent link: https://www.econbiz.de/10010930223
this coordination game with heterogeneous preferences is played, a cheap talk communication stage is offered to players who … coordination motive and the prior information structure. Equilibrium strategic communication networks are characterized in a very …
Persistent link: https://www.econbiz.de/10011025532
Experimental studies of social dilemmas have shown that while the existence of a sanctioning institution improves cooperation within groups, it also has a detrimental impact on group earnings in the short-run. Could the introduction of pre-play threats to punish have enough of a beneficial...
Persistent link: https://www.econbiz.de/10008790708
We explore the influence of a neutral cheap talk script in three typical scenarios used in the CV literature devoted to the valuation of air pollution effects. We show that cheap talk has a differentiated effect depending on the scenario implemented. It decreases protest responses with no effect...
Persistent link: https://www.econbiz.de/10008793873
This paper studies the potential commitment value of cheap talkinflation announcements in an agent-based dynamic extension of theKydland-Prescott model. In every period, the policy maker makesa non-binding inflation announcement before setting the actualinflation rate. It updates its decisions...
Persistent link: https://www.econbiz.de/10008794261
The paper studies a voting scheme where members of a committee voting sequentially on a known series of binary proposals are each granted a single extra bonus vote to cast as desired - a streamlined version of Storable Votes. When the order of the agenda is exogenous, a simple sufficient...
Persistent link: https://www.econbiz.de/10008794774
Le problème de la coordination décentralisée des comportements individuels et de l'ajustement de l'économie vers un … présent article étudie les capacités de coordination d'une économie stylisée au travers d'une dynamique évolutionnaire d …
Persistent link: https://www.econbiz.de/10010821257
We re-examine issues of coordination in the standard RBC model. Can the unique rational expectations equilibrium be … coordination along this line cannot be expected. Rational agents anticipating small but possibly persistent deviations have to face …
Persistent link: https://www.econbiz.de/10010738777
-oct 2002. The text reviews recent work on expectational coordination in general equilibrium models of the Walrasian tradition … "eductive learning". It examines in a more systematic way the coordination difficulties that would arise in finite horizon … models with spot multiplicity and discusses the relationship between coordination and incompleteness. …
Persistent link: https://www.econbiz.de/10010738822