The costs and benefits of coordinating with a different group

DOI10.1016/J.JET.2015.09.006MaRDI QIDQ893427zbMATH OpenOpenAlexFDO

Authors Sébastien Mitraille, Silvia Sonderegger, Paul A. Grout

Publication date 19 November 2015

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://research-information.bris.ac.uk/ws/files/68272320/Coordinating_with_different_group_JET_with_figures_LAST_SCITEX.pdf

zbMATH Keywords

coordinationvalue of informationsocial interactionsdiversitycomplementarities

Mathematics Subject Classification ID

Decision theory (91B06)

Recommendations

• Competing conventions
• Social coordination with locally observable types
• Coordination and externalities
• Leadership and overcoming coordination failure with asymmetric costs
• Dynamic coordination among heterogeneous agents

Cites work

• Cultural Integration and Its Discontents
• Efficient Use of Information and Social�Value�of�Information
• Endogenous Information Acquisition in Coordination Games
• Information Acquisition and Welfare
• Leadership, coordination, and corporate culture
• Problem solving by heterogeneous agents

Cited in

(4)

• A theory of esteem based peer pressure
• Coordinated democracy
• The cost of collaboration
• The signaling value of punishing norm-breakers and rewarding norm-followers

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