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Coordination Games and Local Interactions: A Survey of the Game Theoretic Literature

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  • Simon Weidenholzer

    ()
    (Department of Economics, University of Vienna, Hohenstaufengasse 9, A-1010 Vienna, Austria)

Abstract

We survey the recent literature on coordination games, where there is a conflictbetween risk dominance and payoff dominance. Our main focus is on models of local interactions, where players only interact with small subsets of the overall population rather than with society as a whole. We use Ellison’s [1] Radius-Coradius Theorem to present prominent results on local interactions. Amongst others, we discuss best reply learning in a global- and in a local- interaction framework and best reply learning in multiple location models and in a network formation context. Further, we discuss imitation learning in a localandin a global- interactions setting.

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Bibliographic Info

Article provided by MDPI, Open Access Journal in its journal Games.

Volume (Year): 1 (2010)
Issue (Month): 4 (November)
Pages: 551-585

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Handle: RePEc:gam:jgames:v:1:y:2010:i:4:p:551-585:d:10210

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Related research

Keywords: coordination games; learning; local interactions;

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References

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Citations

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Cited by:
  1. Carlos Alós–Ferrer & Nick Netzer, 2012. "Robust stochastic stability," ECON - Working Papers 063, Department of Economics - University of Zurich, revised Jan 2014.
  2. Simon Weidenholzer, 2010. "Long-run equilibria, dominated strategies, and local interactions," Vienna Economics Papers 1005, University of Vienna, Department of Economics.
  3. Banerjee, Simanti & Kwasnica, Anthony M & Shortle, James S, 2011. "Agglomeration Bonus in Local Networks: A laboratory examination of spatial coordination failure," Stirling Economics Discussion Papers 2011-18, University of Stirling, Division of Economics.
  4. Hsiao-Chi Chen & Yunshyong Chow & Li-Chau Wu, 2013. "Imitation, local interaction, and coordination," International Journal of Game Theory, Springer, vol. 42(4), pages 1041-1057, November.
  5. Goodman, James, 2014. "Evidence for ecological learning and domain specificity in rational asset pricing and market efficiency," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 48(C), pages 27-39.
  6. Jacques Durieu & Hans Haller & Philippe Solal, 2011. "Nonspecific Networking," Games, MDPI, Open Access Journal, vol. 2(1), pages 87-113, February.

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