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Journal of Economic Theory and Econometrics
JETEM/계량경제학보/計量經濟學報/JKES
Journal of the Korean Econometric Society

A Survey of Experiments on Coordination Games

Vol.17, No.1, March , 59–99


English Version |  Korean Version
  •   (Sungkyunkwan University)

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Abstract  

This paper provides a literature review of experiments on coordination games. In particular, we focus on two strands of papers on coordination game experiments: One group was done by Van Huyck, Battalio and Beil and the other by Cooper, DeJong, Forsythe and Ross. Coordination failures were observed in both experiments. We explore effectiveness of two kinds of institutions, preplay communication and forward induction, which were used to overcome the coordination problem in the experimental setting. Some theoretical works which tried to explain the experimental data are also reviewed. They were based on evolutionary game theory and the theory of learning in games.


Keywords
   Coordination Game, Nash Equilibrium, Equilibrium Selection Theory, Experimental Economics

JEL classification codes
   C72, C92
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