QWERTY is efficient

Bernardo Guimaraes and Ana Elisa Pereira ()

Journal of Economic Theory, 2016, vol. 163, issue C, 819-825

Abstract: We study a dynamic coordination problem with staggered decisions where agents choose between two competing networks. If the intrinsically worst one prevails, this is efficient. Moreover, inefficient shifts to the intrinsically best network might occur in equilibrium.

Keywords: Coordination; Networks; Timing frictions; Dynamic games (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:163:y:2016:i:c:p:819-825

DOI: 10.1016/j.jet.2016.03.008

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