Coordination in a changing environment

Matros, Alexander and Moser, Scott (2015) Coordination in a changing environment. Journal of Economic Behavior and Organization, 112. pp. 64-84. ISSN 0167-2681

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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.

Item Type:
Journal Article
Journal or Publication Title:
Journal of Economic Behavior and Organization
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/asjc/2000/2002
Subjects:
ID Code:
76117
Deposited By:
Deposited On:
21 Oct 2015 05:05
Refereed?:
Yes
Published?:
Published
Last Modified:
01 Jan 2020 09:26