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Cooperation through coordination in two stages
Journal article

Cooperation through coordination in two stages

Abstract

Efficient cooperation often requires coordination, such that exactly one of two players takes an available action. If the decisions whether to pursue the action are made simultaneously, then neither or both may acquiesce leading to an inefficient outcome. However, inefficiency may be reduced if players move sequentially. We test this experimentally by introducing repeated two-stage versions of such a game where the action is individually …

Authors

Kaplan TR; Ruffle BJ; Shtudiner Z

Journal

Journal of Economic Behavior & Organization, Vol. 154, , pp. 206–219

Publisher

Elsevier

Publication Date

October 2018

DOI

10.1016/j.jebo.2018.08.008

ISSN

0167-2681