In other words, the local information available to agents 2 and 3 serves as a coordination device, enabling them to predict one another's actions. The presence of strong strategic complementarities in turn implies that agent 1 will use his private signal as a predictor of how agents 2 and 3 coordinate their actions.
People also ask
What is coordination in management information system?
What is an example of coordination?
Nov 12, 2015 · We study the role of local information channels in enabling coordination among strategic agents. Building on the standard finite-player ...
We study the role of local information channels in enabling coordination among strategic agents. Building on the standard finite-player global games ...
We study the dependence of coordination outcomes on local information sharing. In the economic literature, common knowledge of the fun- damentals leads to the ...
In the first part of the thesis, we study the role of local information channels in enabling coordination among strategic agents. Building on the standard ...
We study the role of local information channels in enabling coordination among strategic agents. Building on the standard finite-player global games framework, ...
We study the role of local information channels in enabling coordination among strategic agents. Building on the standard finite-player global games ...
Nov 21, 2024 · We study the role of local information channels in enabling coordination among strategic agents. Building on the standard finite-player global ...
Under local information, agents are too conservative when choosing unknown partners and the low-effort equilibrium prevails.
Coordination with Local Information · Get to know more about our programs and community. · Kellogg School of Management · Campuses · Global Network Campuses.