This paper examines game theoretic models of coordination conventions. Firstly, the paper shows that static models of … coordination cannot explain the emergence of coordination conventions. The best interpretation of these models is that they study … the conditions under which coordination is possible. The examination of these conditions suggests that history and …

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 …

spillovers specifyes the optimal monetary policy choice between coordination or Nash (to fix the exchange rates or not) and the … viability of the coordination rule. …