• Medientyp: E-Book
  • Titel: Inequality in minimum-effort coordination
  • Beteiligte: Feldhaus, Christoph [VerfasserIn]; Rockenbach, Bettina [VerfasserIn]; Zeppenfeld, Christopher [VerfasserIn]
  • Erschienen: [Köln]: Verein für Socialpolitik, March 1, 2020
  • Erschienen in: Verein für Socialpolitik: Jahrestagung 2020 ; 131
  • Umfang: 1 Online-Ressource (circa 59 Seiten); Illustrationen
  • Sprache: Englisch
  • Identifikator:
  • Schlagwörter: minimum e ort game ; coordination ; social comparison ; potential games ; lab ex-periment ; Kongressbeitrag ; Graue Literatur
  • Entstehung:
  • Anmerkungen:
  • Beschreibung: Successful coordination is key for economic and societal wealth. The rich literature on the minimum-effort game (MEG) has provided valuable insights into coordination, both theoretically and empirically. Yet, although real-world scenarios often involve asymmetric benefits and/or costs from coordination, most previous studies rely on symmetric MEGs. We investigate the effect of unequal equilibrium pay-offs in the MEG. In two experiments, we observe that players are better able to coordinate on an equal rather than an unequal Pareto-dominant equilibrium. We find that the ability to coordinate on the unequal Pareto-dominant equilibrium critically hinges on the costs of miscoordination for the player who benefits most from successful coordination: when her costs are low, she seems able to stabilize the Pareto-dominant equilibrium even if payoffs are highly unequal, whereas coordination success worsens substantially when her costs are high.
  • Zugangsstatus: Freier Zugang