When Does Coordination Require Centralization?
نویسندگان
چکیده
منابع مشابه
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We study costless pre-play communication of intentions among inexperienced players. Using the level-k model of strategic thinking to describe playersbeliefs, we fully characterize the e¤ects of pre-play communication in symmetric 2 2 games. One-way communication weakly increases coordination on Nash equilibrium outcomes, although average payo¤s sometimes decrease. Two-way communication further...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2008
ISSN: 0002-8282
DOI: 10.1257/aer.98.1.145