multiple Pareto-ranked Nash equilibria in the game and the “coordination problem” refers to the fact that rational equilibrium …

We study coordination in dynamic global games with private learning. Players choose whether and when to invest … tolerant of non-simultaneous coordination. We also identify conditions under which players coordinate on the risk …

individuals are able to coordinate on equilibria, but that coordination strongly depends on the network structure. Despite … frequent coordination failures, in graphs of size N=4 equilibrium play seems easier on network architectures with high (low …

This paper investigates the role of endogenous timing of decisions on coordination under asymmetric information. In the … equilibrium of a global coordination game, where players choose the timing of their decision, a player who has sufficiently high … coordination: a learning effect (early decisions reveal information) and a complementarity effect (early decisions eliminate …

Costless pre-play communication has been found to effectively facilitate coordination and enhance efficiency in games … costly efforts. Allowing intra-group communication leads to more aggressive competition and greater coordination than control … experimental findings from public goods and other coordination games, where communication always enhances efficiency and often …