private provision of public goods. We examine whether reciprocity can resolve the associated coordination problem. The …

higher payoffs in the game when the talk is one-way as the truthful reports facilitate desired coordination. …

We propose and experimentally test a theory of strategic behavior in which players are cognitively imprecise and … perceive a fundamental parameter with noise. We focus on 2 x 2 coordination games, which generate multiple equilibria when … players use a simple cutoff strategy. The model further predicts that behavior is context-dependent: players implement the …

’ behavior mostly converges to collectively inefficient outcome. However, in the field, interaction neighborhoods often can be … coordination. In a fixed interaction treatment, a vast majority of subjects quickly coordinates on the inefficient outcome. In a … treatment with neighborhood choice, the outcome is dramatically different: behavior quickly converges to the socially desirable …

Inspired by empirical evidence from the oil market, we build a model of an oligopoly facing a fringe as well as …