Repetition, Communication, and Coordination Failure

Gregory M. Parkhurst (parkhurst@agecon.msstate.edu), Jason Shogren and Chris Bastian

Experimental Economics, 2004, vol. 7, issue 2, 152 pages

Abstract: We examine repetition as an institution that affects coordination failure in a game with and without pre-play communication. We use probit regression with random effects to test hypotheses regarding the frequency and form of coordination failure in the presence of repeated play versus one-shot games. Our results indicate that repetition without pre-play communication results in a lower frequency of coordination failure relative to one-shot game outcomes. This result is reversed when pre-play communication is allowed. Our evidence also suggests that repeated play coordination failures tend to be suboptimal Nash equilibria, whereas one-shot game coordination failures are disequilibria regardless of the presence of pre-play communication.

Date: 2004
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