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...
Paper Details
Title
Cooperation through coordination in two stages
Published Date
Oct 1, 2018
Volume
154
Pages
206 - 219
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