IDEAS home Printed from https://ideas.repec.org/r/eee/gamebe/v5y1993i3p485-504.html
   My bibliography  Save this item

Asset Markets as an Equilibrium Selection Mechanism: Coordination Failure, Game Form Auctions, and Tacit Communication

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as


Cited by:

  1. Giovanna Devetag & Andreas Ortmann, 2007. "When and why? A critical survey on coordination failure in the laboratory," Experimental Economics, Springer;Economic Science Association, vol. 10(3), pages 331-344, September.
  2. Fehr, Dietmar, 2011. "The persistance of "bad" precedents and the need for communication: A coordination experiment," SFB 649 Discussion Papers 2011-039, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
  3. Nicolas Jacquemet & Stéphane Luchini & Jason F. Shogren & Adam Zylbersztejn, 2018. "Coordination with communication under oath," Experimental Economics, Springer;Economic Science Association, vol. 21(3), pages 627-649, September.
  4. Offerman, T.J.S. & Potters, J.J.M., 2000. "Does Auctioning of Entry Licences Affect Consumers Prices? An Experimental Study," Discussion Paper 2000-53, Tilburg University, Center for Economic Research.
  5. Antonio J. Morales & Javier Rodero-Cosano, 2023. "Forward induction and market entry with an endogenous outside option," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 61(2), pages 365-383, August.
  6. Costa-Gomes, Miguel & Crawford, Vincent P & Broseta, Bruno, 2001. "Cognition and Behavior in Normal-Form Games: An Experimental Study," Econometrica, Econometric Society, vol. 69(5), pages 1193-1235, September.
  7. Rajiv Sethi & E. Somanathan, 2004. "Collective action in the commons: A theoretical framework for empirical research," Discussion Papers 04-21, Indian Statistical Institute, Delhi.
  8. Pedro Dal Bo & Andrew Foster & Louis Putterman, 2010. "Institutions and Behavior: Experimental Evidence on the Effects of Democracy," American Economic Review, American Economic Association, vol. 100(5), pages 2205-2229, December.
  9. Armenter Roc, 2016. "Sustainable monetary policy and inflation expectations," The B.E. Journal of Macroeconomics, De Gruyter, vol. 16(2), pages 301-334, June.
  10. Charness, Gary, 2000. "Self-Serving Cheap Talk: A Test Of Aumann's Conjecture," Games and Economic Behavior, Elsevier, vol. 33(2), pages 177-194, November.
  11. Kagel, John & Pevnitskaya, Svetlana & Ye, Lixin, 2008. "Indicative bidding: An experimental analysis," Games and Economic Behavior, Elsevier, vol. 62(2), pages 697-721, March.
  12. Berninghaus, Siegfried K. & Ehrhart, Karl-Martin, 1998. "Time horizon and equilibrium selection in tacit coordination games: Experimental results," Journal of Economic Behavior & Organization, Elsevier, vol. 37(2), pages 231-248, October.
  13. Andreas Blume & Peter H. Kriss & Roberto A. Weber, 2017. "Pre-play communication with forgone costly messages: experimental evidence on forward induction," Experimental Economics, Springer;Economic Science Association, vol. 20(2), pages 368-395, June.
  14. Blume, Andreas & Gneezy, Uri, 2010. "Cognitive forward induction and coordination without common knowledge: An experimental study," Games and Economic Behavior, Elsevier, vol. 68(2), pages 488-511, March.
  15. Siegfried K. Berninghaus & Karl-Martin Ehrhart & Claudia Keser, 2000. "Conventions and Local Interaction Structures: Experimental Evidence," CIRANO Working Papers 2000s-36, CIRANO.
  16. Alexander S. Kritikos & Jonathan H. W. Tan, 2009. "Indenture as a Self‐Enforced Contract Device: An Experimental Test," Southern Economic Journal, John Wiley & Sons, vol. 75(3), pages 857-872, January.
  17. Bruno Broseta & Enrique Fatas & Tibor Neugebauer, 2003. "Asset Markets and Equilibrium Selection in Public Goods Games with Provision Points: An Experimental Study," Economic Inquiry, Western Economic Association International, vol. 41(4), pages 574-591, October.
  18. Claudia M. Landeo & Kathryn E. Spier, 2009. "Naked Exclusion: An Experimental Study of Contracts with Externalities," American Economic Review, American Economic Association, vol. 99(5), pages 1850-1877, December.
  19. Broseta, Bruno, 2000. "Adaptive Learning and Equilibrium Selection in Experimental Coordination Games: An ARCH(1) Approach," Games and Economic Behavior, Elsevier, vol. 32(1), pages 25-50, July.
  20. Smith, John, 2009. "The endogenous nature of social preferences," MPRA Paper 16599, University Library of Munich, Germany.
  21. Gerber, Anke & Hens, Thorsten & Vogt, Bodo, 2010. "Rational investor sentiment in a repeated stochastic game with imperfect monitoring," Journal of Economic Behavior & Organization, Elsevier, vol. 76(3), pages 669-704, December.
  22. Keser, Claudia & Ehrhart, Karl-Martin & Berninghaus, Siegfried K., 1998. "Coordination and local interaction: experimental evidence," Economics Letters, Elsevier, vol. 58(3), pages 269-275, March.
  23. Huck, Steffen & Muller, Wieland, 2005. "Burning money and (pseudo) first-mover advantages: an experimental study on forward induction," Games and Economic Behavior, Elsevier, vol. 51(1), pages 109-127, April.
  24. Nadine Chlaß & Werner Güth & Christoph Vanberg, 2007. "Social Learning of Efficiency Enhancing Trade With(out) Market Entry Costs - An experimental study," Papers on Strategic Interaction 2006-36, Max Planck Institute of Economics, Strategic Interaction Group.
  25. Riechmann, Thomas & Weimann, Joachim, 2008. "Competition as a coordination device: Experimental evidence from a minimum effort coordination game," European Journal of Political Economy, Elsevier, vol. 24(2), pages 437-454, June.
  26. J. Van Huyck & R. Battalio & F. Rankin, 1996. "On the Evolution of Convention: Evidence from Coordination Games," Levine's Working Paper Archive 548, David K. Levine.
  27. Theo Offerman & Jan Potters, 2006. "Does Auctioning of Entry Licences Induce Collusion? An Experimental Study," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 73(3), pages 769-791.
  28. repec:hum:wpaper:sfb649dp2011-039 is not listed on IDEAS
  29. Peter H. Kriss & Roberto Weber, 2013. "Organizational formation and change: lessons from economic laboratory experiments," Chapters, in: Anna Grandori (ed.), Handbook of Economic Organization, chapter 14, Edward Elgar Publishing.
  30. Cason, Timothy N. & Sheremeta, Roman M. & Zhang, Jingjing, 2012. "Communication and efficiency in competitive coordination games," Games and Economic Behavior, Elsevier, vol. 76(1), pages 26-43.
  31. Jordi Brandts & David J. Cooper & Roberto A. Weber, 2015. "Legitimacy, Communication, and Leadership in the Turnaround Game," Management Science, INFORMS, vol. 61(11), pages 2627-2645, November.
  32. Timothy N. Cason & Roman M. Sheremeta & Jingjing Zhang, 2017. "Asymmetric and endogenous within-group communication in competitive coordination games," Experimental Economics, Springer;Economic Science Association, vol. 20(4), pages 946-972, December.
  33. Attanasi, Giuseppe & Hopfensitz, Astrid & Lorini, Emiliano & Moisan, Frédéric, 2016. "Social connectedness improves co-ordination on individually costly, efficient outcomes," European Economic Review, Elsevier, vol. 90(C), pages 86-106.
  34. Jason Shachat & J. Todd Swarthout, 2013. "Auctioning the Right to Play Ultimatum Games and the Impact on Equilibrium Selection," Games, MDPI, vol. 4(4), pages 1-16, November.
  35. Aurora García-Gallego & Penélope Hernández-Rojas & Amalia Rodrigo-González, 2013. "Endogenous vs. Exogenous Transmission of Information: An Experiment," Working Papers 2013/06, Economics Department, Universitat Jaume I, Castellón (Spain).
  36. Mürüvvet Büyükboyacı & Serkan Küçükşenel, 2017. "Costly Pre‐Play Communication and Coordination in Stag‐Hunt Games," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 38(6), pages 845-856, September.
  37. Christopher Roby, 2021. "Can loss framing improve coordination in the minimum effort game?," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 16(3), pages 557-588, July.
  38. John Smith, 2012. "The endogenous nature of the measurement of social preferences," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 11(2), pages 235-256, December.
  39. Giordani, Paolo E. & Ruta, Michele, 2013. "Coordination failures in immigration policy," Journal of International Economics, Elsevier, vol. 89(1), pages 55-67.
  40. Robles, Jack, 1998. "Evolution with Changing Mutation Rates," Journal of Economic Theory, Elsevier, vol. 79(2), pages 207-223, April.
  41. Jordi Brandts & Antonio Cabrales & Gary Charness, 2003. "Forward induction and the excess capacity puzzle: An experimental investigation," Economics Working Papers 703, Department of Economics and Business, Universitat Pompeu Fabra.
  42. Francesco Feri & Bernd Irlenbusch & Matthias Sutter, 2010. "Efficiency Gains from Team-Based Coordination—Large-Scale Experimental Evidence," American Economic Review, American Economic Association, vol. 100(4), pages 1892-1912, September.
  43. Chakravarty, Surajeet & Ghosh, Sudeep, 2011. "An experimental investigation of entry cost effects in sealed-bid dollar auctions," Economics Letters, Elsevier, vol. 111(2), pages 122-124, May.
  44. Bednar, Jenna & Chen, Yan & Liu, Tracy Xiao & Page, Scott, 2012. "Behavioral spillovers and cognitive load in multiple games: An experimental study," Games and Economic Behavior, Elsevier, vol. 74(1), pages 12-31.
  45. Edward Cartwright & Joris Gillet & Mark Van Vugt, 2013. "Leadership By Example In The Weak-Link Game," Economic Inquiry, Western Economic Association International, vol. 51(4), pages 2028-2043, October.
  46. Hong Qu, 2013. "How Do Market Prices and Cheap Talk Affect Coordination?," Journal of Accounting Research, Wiley Blackwell, vol. 51(5), pages 1221-1260, December.
  47. Siegfried K. Berninghaus & Lora Todorova & Bodo Vogt, 2011. "A Simple Questionnaire Can Change Everything - Are Strategy Choices in Coordination Games Stable?," Jena Economics Research Papers 2011-057, Friedrich-Schiller-University Jena.
  48. Subhasish Dugar & Quazi Shahriar, 2012. "Focal Points and Economic Efficiency: The Role of Relative Label Salience," Southern Economic Journal, John Wiley & Sons, vol. 78(3), pages 954-975, January.
  49. Giovanna Devetag, 2000. "Coordination in "Critical Mass" Games: An Experimental Study," LEM Papers Series 2000/03, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  50. Duffy, John & Feltovich, Nick, 2002. "Do Actions Speak Louder Than Words? An Experimental Comparison of Observation and Cheap Talk," Games and Economic Behavior, Elsevier, vol. 39(1), pages 1-27, April.
  51. Florian Heine & Martin Sefton, 2018. "To Tender or Not to Tender? Deliberate and Exogenous Sunk Costs in a Public Good Game," Games, MDPI, vol. 9(3), pages 1-28, June.
  52. Kritikos, Alexander S. & Tan, Jonathan H. W., 2005. "Indenture as a Commitment Device in Self-Enforced Contracts: An Experimental Test," Discussion Papers 241, European University Viadrina Frankfurt (Oder), Department of Business Administration and Economics.
  53. Bohnet, Iris & Kubler, Dorothea, 2005. "Compensating the cooperators: is sorting in the prisoner's dilemma possible?," Journal of Economic Behavior & Organization, Elsevier, vol. 56(1), pages 61-76, January.
  54. Yavas, Abdullah, 2002. "Endogenous outside options in coordination games: experimental evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 47(2), pages 221-236, February.
  55. Shimon Kogan & Anthony M. Kwasnica & Roberto A. Weber, 2011. "Coordination in the Presence of Asset Markets," American Economic Review, American Economic Association, vol. 101(2), pages 927-947, April.
  56. Sethi, Rajiv & Somanathan, E, 2006. "A Simple Model of Collective Action," Economic Development and Cultural Change, University of Chicago Press, vol. 54(3), pages 725-747, April.
  57. Çule, Monika & Fulton, Murray, 2009. "Business culture and tax evasion: Why corruption and the unofficial economy can persist," Journal of Economic Behavior & Organization, Elsevier, vol. 72(3), pages 811-822, December.
  58. Banerjee, Simanti & Cason, Timothy N. & de Vries, Frans P. & Hanley, Nick, 2017. "Transaction costs, communication and spatial coordination in Payment for Ecosystem Services Schemes," Journal of Environmental Economics and Management, Elsevier, vol. 83(C), pages 68-89.
  59. Fredrik Carlsson & Claes Ek & Andreas Lange, 2024. "One bad apple spoils the barrel? Public good provision under threshold uncertainty," Experimental Economics, Springer;Economic Science Association, vol. 27(3), pages 664-686, July.
  60. Rapoport, Amnon & Seale, Darryl A. & Winter, Eyal, 2002. "Coordination and Learning Behavior in Large Groups with Asymmetric Players," Games and Economic Behavior, Elsevier, vol. 39(1), pages 111-136, April.
  61. Timothy N. Cason & Roman M. Sheremeta & Jingjing Zhang, 2015. "Asymmetric and Endogenous Communication in Competition between Groups," Working Papers 15-01, Chapman University, Economic Science Institute.
  62. Kofi Nti, 2000. "Potential competition and coordination in a market-entry game," Journal of Economics, Springer, vol. 71(2), pages 149-165, June.
  63. Michal Krol & Magdalena Ewa Krol, 2020. "On the strategic value of ‘shooting yourself in the foot’: an experimental study of burning money," International Journal of Game Theory, Springer;Game Theory Society, vol. 49(1), pages 23-45, March.
  64. Elten, Jonas van & Penczynski, Stefan P., 2020. "Coordination games with asymmetric payoffs: An experimental study with intra-group communication," Journal of Economic Behavior & Organization, Elsevier, vol. 169(C), pages 158-188.
  65. Jin, Ye & Zhou, Zhen & Brandenburger, Adam, 2023. "Coordination via delay: Theory and experiment," Games and Economic Behavior, Elsevier, vol. 137(C), pages 23-49.
  66. Croson, Rachel & Fatas, Enrique & Neugebauer, Tibor & Morales, Antonio J., 2015. "Excludability: A laboratory study on forced ranking in team production," Journal of Economic Behavior & Organization, Elsevier, vol. 114(C), pages 13-26.
  67. Devetag, Giovanna, 2005. "Precedent transfer in coordination games: An experiment," Economics Letters, Elsevier, vol. 89(2), pages 227-232, November.
  68. Jingjing Zhang, 2009. "Communication in Asymmetric Group Competition over Public Goods," Department of Economics Working Papers 2009-06, McMaster University.
  69. Carlos E. Jijena Michel & Javier Perote & José D. Vicente-Lorente, 2018. "Efficiency and Sustainability in Teamwork: The Role of Entry Costs," Sustainability, MDPI, vol. 10(7), pages 1-19, July.
  70. Buchheit, Steve & Feltovich, Nick, 2010. "Experimental evidence of a sunk–cost paradox: a study of pricing behavior in Bertrand–Edgeworth duopoly," SIRE Discussion Papers 2010-124, Scottish Institute for Research in Economics (SIRE).
  71. Dugar, Subhasish, 2010. "Nonmonetary sanctions and rewards in an experimental coordination game," Journal of Economic Behavior & Organization, Elsevier, vol. 73(3), pages 377-386, March.
  72. Manja Gärtner & Robert Östling & Sebastian Tebbe, 2023. "Do we all coordinate in the long run?," Journal of the Economic Science Association, Springer;Economic Science Association, vol. 9(1), pages 16-33, June.
  73. Simanti Banerjee & Timothy N. Cason & Frans P. de Vries & Nick Hanley, 2015. "Spatial Coordination in Agglomeration Bonus Schemes with Transaction Costs and Communication: An Experimental Study," Discussion Papers in Environment and Development Economics 2015-10, University of St. Andrews, School of Geography and Sustainable Development.
  74. Asst. Prof. Yong-Gwan Kim, 1994. "An Evolutionary Approach to Tacit Communication in Van Huyck, Battalio, and Beil's Game Experiments," Game Theory and Information 9403006, University Library of Munich, Germany.
  75. Fehr, Dietmar, 2017. "Costly communication and learning from failure in organizational coordination," European Economic Review, Elsevier, vol. 93(C), pages 106-122.
  76. Lora R. Todorova & Siegfried K. Berninghaus & Bodo Vogt, 2011. "A Simple Questionnaire Can Change Everything - Are Strategy Choices in Coordination Games Stable?," FEMM Working Papers 110019, Otto-von-Guericke University Magdeburg, Faculty of Economics and Management.
  77. Robert Oxoby, 2013. "Paretian dictators: constraining choice in a voluntary contribution game," Constitutional Political Economy, Springer, vol. 24(2), pages 125-138, June.
  78. Choo, Lawrence & Zhou, Xiaoyu, 2022. "Can market selection reduce anomalous behaviour in games?," European Economic Review, Elsevier, vol. 141(C).
  79. Jingjing Zhang, 2012. "Communication in asymmetric group competition over public goods," ECON - Working Papers 069, Department of Economics - University of Zurich.
  80. Keser, Claudia & Vogt, Bodo, 0000. "Why do experimental subjects choose an equilibrium which is neither risk nor payoff dominant," Sonderforschungsbereich 504 Publications 00-40, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
  81. Brandts, Jordi & Holt, Charles A., 1995. "Limitations of dominance and forward induction: Experimental evidence," Economics Letters, Elsevier, vol. 49(4), pages 391-395, October.
  82. Katerina Sherstyuk & Nina Karmanskaya & Pavel Teslia, 2016. "Bidding with money or action plans? Asset allocation under strategic uncertainty," Working Papers 201603, University of Hawaii at Manoa, Department of Economics.
  83. Blume, Andreas & Ortmann, Andreas, 2007. "The effects of costless pre-play communication: Experimental evidence from games with Pareto-ranked equilibria," Journal of Economic Theory, Elsevier, vol. 132(1), pages 274-290, January.
  84. Katharina Momsen, 2021. "The effects of price information and communication in markets with capacity constraints: An experiment," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 30(4), pages 871-892, November.
  85. Taylor Jaworski & Erik O. Kimbrough, 2016. "Bubbles, Crashes, And Endogenous Uncertainty In Linked Asset And Product Markets," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 57(1), pages 155-176, February.
  86. Chlaß, Nadine & Perea, Andrés, 2016. "How do people reason in dynamic games?," VfS Annual Conference 2016 (Augsburg): Demographic Change 145881, Verein für Socialpolitik / German Economic Association.
  87. Giovanna Devetag, 2003. "Coordination and Information in Critical Mass Games: An Experimental Study," Experimental Economics, Springer;Economic Science Association, vol. 6(1), pages 53-73, June.
  88. Wang, Siyu & Houser, Daniel, 2019. "Demanding or deferring? An experimental analysis of the economic value of communication with attitude," Games and Economic Behavior, Elsevier, vol. 115(C), pages 381-395.
  89. Dominique Guellec, 1995. "Externalités et asymétries d'information dans un modèle de croissance," Revue Économique, Programme National Persée, vol. 46(3), pages 837-846.
  90. repec:wyi:journl:002215 is not listed on IDEAS
  91. Keser, Claudia & Vogt, Bodo, 2000. "Why do experimental subjects choose an equilibrium which is neither risk nor payoff dominant," Papers 00-40, Sonderforschungsbreich 504.
  92. Alberto Antonioni & Maria Paula Cacault & Rafael Lalive & Marco Tomassini, 2013. "Coordination on Networks: Does Topology Matter?," PLOS ONE, Public Library of Science, vol. 8(2), pages 1-11, February.
  93. Janssen, Maarten C.W., 2006. "Auctions as coordination devices," European Economic Review, Elsevier, vol. 50(3), pages 517-532, April.
  94. Berninghaus, Siegfried K. & Ehrhart, Karl-Martin & Keser, Claudia, 2002. "Conventions and Local Interaction Structures: Experimental Evidence," Games and Economic Behavior, Elsevier, vol. 39(2), pages 177-205, May.
  95. Cooper, David J. & Ioannou, Christos A. & Qi, Shi, 2018. "Endogenous incentive contracts and efficient coordination," Games and Economic Behavior, Elsevier, vol. 112(C), pages 78-97.
  96. Anke Gerbery & Thorsten Hensz & Bodo Vogtx, 2010. "Rational Investor Sentimentina Repeated Stochastic Game with Imperfect Monitoring," Post-Print hal-00911824, HAL.
  97. Gregory Parkhurst & Jason Shogren, 2005. "Does complexity reduce coordination?," Applied Economics Letters, Taylor & Francis Journals, vol. 12(7), pages 447-452.
IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.