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DC Field | Value | Language |
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dc.citation.endPage | 1359 | - |
dc.citation.number | 4 | - |
dc.citation.startPage | 1343 | - |
dc.citation.title | JOURNAL OF EVOLUTIONARY ECONOMICS | - |
dc.citation.volume | 29 | - |
dc.contributor.author | Kim, Pilwon | - |
dc.contributor.author | Lee, Dongryul | - |
dc.date.accessioned | 2023-12-21T18:47:24Z | - |
dc.date.available | 2023-12-21T18:47:24Z | - |
dc.date.created | 2018-10-13 | - |
dc.date.issued | 2019-09 | - |
dc.description.abstract | We consider the repeated minimum-effort coordination game where each player follows an adaptive strategy in each period and his choice is made via the logit probability distribution. We find that there exists a stable probability distribution of the minimum effort levels (called the equilibrium of the game), and the expected value of the minimum effort levels at the equilibrium has the same comparative-statics properties as in the experimental outcomes of Van Huyck et al. (Am Econ Rev 80(1):234-248 1990): it decreases with the effort cost and the number of players. We also find that the expected value at the equilibrium responds differently to the noise parameter, contingent on the effort-cost structure. This provides us with an implication about how we could increase the coordination among the players. | - |
dc.identifier.bibliographicCitation | JOURNAL OF EVOLUTIONARY ECONOMICS, v.29, no.4, pp.1343 - 1359 | - |
dc.identifier.doi | 10.1007/s00191-018-0587-z | - |
dc.identifier.issn | 0936-9937 | - |
dc.identifier.scopusid | 2-s2.0-85052654025 | - |
dc.identifier.uri | https://scholarworks.unist.ac.kr/handle/201301/25035 | - |
dc.identifier.url | https://link.springer.com/article/10.1007/s00191-018-0587-z | - |
dc.identifier.wosid | 000508403000008 | - |
dc.language | 영어 | - |
dc.publisher | SPRINGER | - |
dc.title | Repeated Minimum-Effort Coordination Games | - |
dc.type | Article | - |
dc.description.isOpenAccess | FALSE | - |
dc.relation.journalWebOfScienceCategory | Economics | - |
dc.relation.journalResearchArea | Business & Economics | - |
dc.description.journalRegisteredClass | ssci | - |
dc.description.journalRegisteredClass | scopus | - |
dc.subject.keywordAuthor | Minimum-effort coordination game | - |
dc.subject.keywordAuthor | Evolutionary dynamics | - |
dc.subject.keywordPlus | EQUILIBRIUM SELECTION | - |
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