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coordination motive, ending up in the undervalueing of public information. We show, in the context of a delegation game, how firm … managers. By doing so, they also enhance the managers' concern for coordination and consequently heighten the weight put on …
Persistent link: https://www.econbiz.de/10012904447
, demonstrating that it is possible for firms to achieve efficient dynamic coordination in their investments while their customers …
Persistent link: https://www.econbiz.de/10014156973
This paper challenges recent results on the fragility of the value of commitment. It introduces a specific notion of the 'value of information' for a later-moving player about the action choice of a previously-moving player, gives conditions under which this value is positive and shows that a...
Persistent link: https://www.econbiz.de/10010237655
We study the strategic disclosure of demand information and product-market strategies of duopolists. In a setting where both firms receive information with some probability, we show that firms selectively disclose information in equilibrium in order to influence their competitorś product-market...
Persistent link: https://www.econbiz.de/10011301237
We study the strategic disclosure of demand information and product-market strategies of duopolists. In a setting where both firms receive information with some probability, we show that firms selectively disclose information in equilibrium in order to influence their competitor's product-market...
Persistent link: https://www.econbiz.de/10013018445
quality signaling or as a coordination device is described and discussed. The chapter then moves on to an analysis of the …
Persistent link: https://www.econbiz.de/10014025249
It is commonly assumed that friendship should decrease strategic uncertainty in games involving tacit coordination …. However, this has never been tested on two "opposite poles" of coordination, namely, games of strategic complements and …
Persistent link: https://www.econbiz.de/10011660682
Persistent link: https://www.econbiz.de/10011576946
. However, this has never been tested on two "opposite poles" of coordination, namely, games of strategic complements and …. Friendship thus appears to have a very different impact on coordination games involving strategic complements and substitutes. We …
Persistent link: https://www.econbiz.de/10011817934
Friendship is commonly assumed to reduce strategic uncertainty and enhance tacit coordination. However, this assumption … has never been tested across two opposite poles of coordination involving either strategic complementarity or … substitutability. We had participants interact with friends or strangers in two classic coordination games: the stag hunt game, which …
Persistent link: https://www.econbiz.de/10012215990