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Imitation and the role of information in overcoming coordination failures

Alós-Ferrer, Carlos and Weidenholzer, Simon (2014) 'Imitation and the role of information in overcoming coordination failures.' Games and Economic Behavior, 87 (C). pp. 397-411. ISSN 0899-8256

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We consider minimum-effort games played in an arbitrary network. For a family of imitation behavioral rules, including Imitate the Best and the Proportional Imitation Rule, we show that inefficient conventions arise independently of the interaction structure, if information is limited to the interaction neighborhoods. In the presence of information spillovers, we provide a condition on the network structure that guarantees the emergence of efficient conventions. In contrast, if this condition is violated we will observe inefficient conventions, even in the presence of information spillovers.

Item Type: Article
Uncontrolled Keywords: Minimum effort games; Local interactions; Learning; Imitation
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences
Faculty of Social Sciences > Economics, Department of
SWORD Depositor: Elements
Depositing User: Elements
Date Deposited: 14 Jan 2015 15:47
Last Modified: 18 Aug 2022 11:15

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