Within-Team Competition in the Minimum Effort Coordination Game
AbstractWe report the results of an experiment on a continuous version of the minimum effort coordination game. The introduction of within-team competition significantly increases effort levels relative to a baseline with no competition and increases coordination relative to a secure treatment where the payoff-dominant equilibrium strategy weakly dominates all other actions. Nonetheless, within-team competition does not prevent subjects to polarize both in the efficient and the inefficient equilibria.
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Bibliographic InfoPaper provided by EconWPA in its series Experimental with number 0503006.
Length: 28 pages
Date of creation: 25 Mar 2005
Date of revision:
Note: Type of Document - pdf; pages: 28
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Coordination Games; Team Incentives; Minimum Effort Game;
Other versions of this item:
- Enrique Fatas & Tibor Neugebauer & Javier Perote, 2006. "Within-Team Competition In The Minimum Effort Coordination Game," Pacific Economic Review, Wiley Blackwell, vol. 11(2), pages 247-266, 06.
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-04-16 (All new papers)
- NEP-EXP-2005-04-16 (Experimental Economics)
- NEP-MIC-2005-04-16 (Microeconomics)
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