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We show that essentially every communication equilibrium of any finite Bayesian game with two players can be implemented as a strategic form correlated equilibrium of an extended game, in which before choosing actions as in the Bayesian game, the players engage in a pos-sibly infinitely long...
Persistent link: https://www.econbiz.de/10010274917
Global Games approach we can solve this coordination problem and eliminate the problem of multiple equilibria. We show how … appropriate information provision enhances efficiency. We discuss extensions of the model and argue that subsidies may be a …
Persistent link: https://www.econbiz.de/10010261419
private provision of public goods. We examine whether reciprocity can resolve the associated coordination problem. The …
Persistent link: https://www.econbiz.de/10010398657
higher payoffs in the game when the talk is one-way as the truthful reports facilitate desired coordination. …
Persistent link: https://www.econbiz.de/10011777646
perceive a fundamental parameter with noise. We focus on 2 x 2 coordination games, which generate multiple equilibria when …
Persistent link: https://www.econbiz.de/10012799783
coordination. In a fixed interaction treatment, a vast majority of subjects quickly coordinates on the inefficient outcome. In a …
Persistent link: https://www.econbiz.de/10012582075
choice affects coordination. In a fixed interaction treatment, a vast majority of subjects quickly coordinates on the …
Persistent link: https://www.econbiz.de/10013232410
at coordinating action by followers. Two experiments using coordination games investigate whether female leaders are less …
Persistent link: https://www.econbiz.de/10013314898
We develop a theory of tax reforms for a setting with multi-dimensional heterogeneity amongst taxpayers and multiple economic decisions that are all subject to fixed and variable costs. The theorems in this paper provide a complete characterization of the conditions under which Pareto- or...
Persistent link: https://www.econbiz.de/10015211290
This study explores mechanism design with allocation-based social preferences. Agents' social preferences and private payoffs are all subject to asymmetric information. We assume quasi-linear utility and independent types. We show how the asymmetry of information about agents' social preferences...
Persistent link: https://www.econbiz.de/10013353396