Classic coordination failures revisited: the effects of deviation costs and loss avoidance

Giovanna Devetag and Andreas Ortmann

Economics Bulletin, 2010, vol. 30, issue 2, 1633-1641

Abstract: Are communication failures common? We revisit a classic example of experimental coordination failure and explore, in a 2x2 design, the effects of deviation costs and loss avoidance. Our results provide additional insights into the parametric determinants of laboratory coordination failures, and successes.

Keywords: coordination games; Pareto-ranked equilibria; payoff-asymmetric equilibria; optimization incentives; robustness; coordination failure (search for similar items in EconPapers)
JEL-codes: C7 C9 (search for similar items in EconPapers)
Date: 2010-06-10
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Citations: View citations in EconPapers (2)

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Related works:
Working Paper: Classic Coordination Failures Revisited: The Effects of Deviation Costs and Loss Avoidance (2007)
Working Paper: Classic coordination failures revisited: the effects of deviation costs and loss avoidance (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-10-00262

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