Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 2000 erstellt
Beschreibung:
The paper presents a version of the EMAIL Game, originally proposed by Rubinstein (AER,1989), in which efficient coordination is shown to obtain even when the relevant coordination game is not mutual knowledge. In the model investigated a mediator is introduced in such a way that the two individuals are symmetrically informed on the game chosen by nature, rather than asymmetrically as in Rubinstein. As long as the message failure probability is sufficiently low, with the upper bound being a function of the game payoffs, conditional beliefs on the opponent's actions can allow players to coordinate on the more rewarding-risky choice