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We study communication in a two-player coordination game with Pareto-ranked equilibria. Prior research demonstrates … that efficient coordination is difficult without communication but obtains regularly with (mandatory) costless pre …-play messages. In a laboratory experiment, we modify communication by making the sending of messages optional and costly. Even small …
Persistent link: https://www.econbiz.de/10011282459
Coordination games have multiple equilibria under complete information. However, recent theoretical advances show that …
Persistent link: https://www.econbiz.de/10013208880
We examine communication in a two-player coordination game with Pareto-ranked equilibria. Prior research demonstrates … that efficient coordination is difficult without communication but obtains regularly with (mandatory) costless pre …-play messages. In a laboratory experiment, we introduce two realistic features of communication by making the sending of messages …
Persistent link: https://www.econbiz.de/10010316867
We theoretically and experimentally analyze the role of verifiability and privacy in strategic performance feedback using a 'one principal-two agent' context with real effort. We confirm the theoretical prediction that information transmission occurs only in verifiable feedbackmechanisms and...
Persistent link: https://www.econbiz.de/10011440134
We study experimentally persuasion games in which a sender (e.g., a seller) with private information provides verifiable but potentially vague information (e.g., about the quality of a product) to a receiver (e.g., a buyer). Various theoretical solution concepts such as sequential equilibrium or...
Persistent link: https://www.econbiz.de/10011936493
strategic belief manipulation and a novel experiment in which we replicate Di Tella, et al.'s, experiment and also elicit the …
Persistent link: https://www.econbiz.de/10011993805
This paper examines whether and how cheap talk communication can facilitate within-group coordination when two unequal … improves coordination. To measure how much miscoordination remains, we employ a control treatment where miscoordination is … different in this control treatment. Cheap talk communication thus completely solves miscoordination within groups and makes …
Persistent link: https://www.econbiz.de/10010316824
, using a laboratory experiment, the effectiveness of two regularly-employed entry restrictions: entry quotas and entry exams …. We use a coordination game with Pareto-ranked equilibria, in which we allow an effciently-coordinated group and an …
Persistent link: https://www.econbiz.de/10010316829
explore the effectiveness of two policies intended to facilitate such integration, using a laboratory experiment that models … production as a coordination game with Pareto-ranked equilibria. We initially create an efficient group and an inefficient one … restrictions in different ways to help understand why the institutions are effective in maintaining coordination. We find that both …
Persistent link: https://www.econbiz.de/10011282460
-play communication: numerical (tabular) only, and verbal and numerical. We find that either kind of pre-play communication increases … trusting, trustworthiness, or both, in inter-subject comparisons, but that the inclusions of verbal communication generates …
Persistent link: https://www.econbiz.de/10010318961