Common knowledge plays an important role in coordination problems and coordination problems are central to many areas … communication in coordinating behaviour …

fundamentals, we show that a coordination failure in the first market reduces investors' wealth, which makes them more likely to …

The electronic mail game of Rubinstein (1989) showed that a lack of common knowledge generated by faulty communication …

model of communication in games and investigate the importance of when communication takes place. Sending a message before … are believed whenever possible. Applying our results to Aumann's Stag Hunt game we find that communication is useless if …

The paper analyzes the role of the structure of communication - i.e. who is talking with whom - on the choice of … messages, on their credibility and on actual play. We run an experiment in a three-player coordination game with Pareto ranked … analysis of credibility, the subjects should communicate and play the Pareto optimal equilibrium only when communication is …

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

Using experimental methods, this paper investigates the limits of communication and leadership in aiding group … coordination in a minimum effort game. Choosing the highest effort is the payoff dominant Nash equilibrium in this game, and … communication and leadership are expected to help in coordinating on such an equilibrium. We consider an environment in which the …

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 … communication. Consistent with the introspective character of GW-FI, the fraction of players who achieve efficient coordination by …

regime. Without communication, efficient coordination is impossible in this environment. We study how communication between … citizens can facilitate efficient coordination. We model communication that is frequent, non-binding, and may be censored …We study a coordination game of incomplete information in which only a coordinated attack would succeed in toppling a …

×2 games. One-way communication weakly increases coordination on Nash equilibrium outcomes, although average payoffs sometimes … of symmetric 2×2 games, we find that communication facilitates coordination in common interest games with positive … spillovers and strategic complementarities, but there are also games in which any type of communication hampers coordination …