Coordination in a changing environment

B-Tier
Journal: Journal of Economic Behavior and Organization
Year: 2015
Volume: 112
Issue: C
Pages: 64-84

Authors (2)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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 multiple types of short-run predictions in which agents may be at different locations, taking different actions. In the long-run, however, all agents are at the same location and take the same action in that game. The long-run prediction is unique and globally efficient most of the time.

Technical Details

RePEc Handle
repec:eee:jeborg:v:112:y:2015:i:c:p:64-84
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25