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Classic coordination failures revisited: the effects of deviation costs and loss avoidance
- 1.0355290 - NHÚ 2011 RIV US eng J - Journal Article
Devetag, G. - Ortmann, Andreas
Classic coordination failures revisited: the effects of deviation costs and loss avoidance.
Economics Bulletin. Roč. 30, č. 2 (2010), s. 1633-1641. ISSN 1545-2921
Institutional research plan: CEZ:AV0Z70850503
Keywords : coordination games * Pareto-ranked equilibria * payoff-asymmetric equilibria
Subject RIV: AH - Economics
http://www.accessecon.com/includes/CountdownloadPDF.aspx?PaperID=EB-10-00262
Are communication failures common? We revisit a classic example of experimental coordination failure and explore, in a 2x2 design, the effects of deviation costs and loss avoidance. Our results provide additional insights into the parametric determinants of laboratory coordination failures, and successes.
Permanent Link: http://hdl.handle.net/11104/0194099
Number of the records: 1