coordination device. The coordination power of sunspots has been analysed in theory and in experiments. However, some have … discussed whether sunspots, e.g., public announcements such as financial market ratings, can create coordination problems. That … forecast, trigger coordination problems? To answer that, we use a repeated three-player stag hunt game with fixed groups. In …

' behaviour result from the interaction between financial incentives, motivational factors and endogenous social norms. Employees … simulations show that financial incentives can (i) lead to inefficient levels of cooperation, and (ii) reinforce value …