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Persistent link: https://www.econbiz.de/10011399354
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In this paper we consider a model where boundedly rational agents choose both which coordination game to play and what action to take in that game, when their information and mobility is limited and change over time. We completely characterize both short-run and long-run outcomes. There are...
Persistent link: https://www.econbiz.de/10013065359
In this article we consider a model where boundedly rational agents choose both which coordination game to play and what action to take in that game, when their information and mobility are limited and changes over time. We completely characterize both short-run and long-run outcomes. There are...
Persistent link: https://www.econbiz.de/10011263923