دانلود مقاله ISI انگلیسی شماره 50340
ترجمه فارسی عنوان مقاله

اثر زمان بندی درونی بر هماهنگی تحت اطلاعات نامتقارن: مطالعه تجربی

عنوان انگلیسی
The effect of endogenous timing on coordination under asymmetric information: An experimental study ☆
کد مقاله سال انتشار تعداد صفحات مقاله انگلیسی
50340 2014 18 صفحه PDF
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Games and Economic Behavior, Volume 86, July 2014, Pages 264–281

ترجمه کلمات کلیدی
هماهنگی - تاخیر - اطلاعات - بازی های جهانی - تجربه
کلمات کلیدی انگلیسی
C72; C91; D62; D82; D83Coordination; Delay; Information; Global games; Experiment
پیش نمایش مقاله
پیش نمایش مقاله  اثر زمان بندی درونی بر هماهنگی تحت اطلاعات نامتقارن: مطالعه تجربی

چکیده انگلیسی

This paper investigates the role of endogenous timing of decisions on coordination under asymmetric information. In the equilibrium of a global coordination game, where players choose the timing of their decision, a player who has sufficiently high beliefs about the state of the economy undertakes an investment without delay. This decision (potentially) triggers an investment by the other player whose beliefs would have led to inaction otherwise. Endogenous timing has two distinct effects on coordination: a learning effect (early decisions reveal information) and a complementarity effect (early decisions eliminate strategic uncertainty for late movers). The experiments that we conduct to test these theoretical results show that the learning effect of timing has more impact on the subjects' behavior than the complementarity effect. We also observe that subjects' welfare improves significantly under endogenous timing.