In the game of rock-paper-scissors with three players, this paper identifies conditions for a correlated equilibrium that differs from the mixed strategy Nash equilibrium and is evolutionarily stable. For this to occur, the correlation device attaches more probability to three-way ties and...

Institutional approaches to organization studies focus attention on the relationships among organizations and the fields in which they operate, highlighting in particular the role of rational formal structures in enabling and constraining organizational behaviour. A key contribution of...