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Frank Heinemann

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. Frank Heinemann, 2023. "An Experimental Test of the Global-Game Selection in Coordination Games with Asymmetric Players," Rationality and Competition Discussion Paper Series 367, CRC TRR 190 Rationality and Competition.

    Cited by:

    1. Matthew J. Baker & Khaled Eltokhy & Weichao Guo, 2026. "Empirical Global Games of Regime Change," Papers 2607.05534, arXiv.org.

  2. Lisa Bruttel & Muhammed Bulutay & Camille Cornand & Frank Heinemann & Adam Zylbersztejn, 2022. "Measuring strategic-uncertainty attitudes," Working Papers 2211, Groupe d'Analyse et de Théorie Economique Lyon St-Etienne (GATE Lyon St-Etienne), Université de Lyon.

    Cited by:

    1. Cédric Gutierrez & Emmanuel Kemel, 2024. "Measuring natural source dependence," Experimental Economics, Springer;Economic Science Association, vol. 27(2), pages 379-416, April.

  3. Camille Cornand & Frank Heinemann, 2018. "Monetary Policy obeying the Taylor Principle Turns Prices into Strategic Substitutes," Working Papers 1805, Groupe d'Analyse et de Théorie Economique Lyon St-Etienne (GATE Lyon St-Etienne), Université de Lyon.

    Cited by:

    1. Francesco Zanetti & Tatsushi Okuda & Tomohiro Tsuruga, 2019. "Imperfect Information, Shock Heterogeneity, and Inflation Dynamics," Economics Series Working Papers 881, University of Oxford, Department of Economics.
    2. Assenza, T. & Heemeijer, P. & Hommes, C.H. & Massaro, D., 2021. "Managing self-organization of expectations through monetary policy: A macro experiment," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 170-186.
    3. Muhammed Bulutay & Camille Cornand & Adam Zylbersztejn, 2020. "Learning to deal with repeated shocks under strategic complementarity: An experiment," Working Papers 2003, Groupe d'Analyse et de Théorie Economique Lyon St-Etienne (GATE Lyon St-Etienne), Université de Lyon.

  4. Heinemann, Frank & Moradi, Homayoon, 2018. "Sunspots in Global Games: Theory and Experiment," Rationality and Competition Discussion Paper Series 135, CRC TRR 190 Rationality and Competition.

    Cited by:

    1. Helland, Leif & Iachan, Felipe S. & Juelsrud, Ragnar E. & Nenov, Plamen T., 2021. "Information quality and regime change: Evidence from the lab," Journal of Economic Behavior & Organization, Elsevier, vol. 191(C), pages 538-554.

  5. Camille Cornand & Frank Heinemann, 2018. "Experiments on macroeconomics: methods and applications," Working Papers 1810, Groupe d'Analyse et de Théorie Economique Lyon St-Etienne (GATE Lyon St-Etienne), Université de Lyon.

    Cited by:

    1. Camille Cornand & Paul Hubert, 2019. "On the external validity of experimental inflation forecasts: A comparison with five categories of field expectations," Working Papers hal-03403259, HAL.
    2. Tae-Seok Jang & Stephen Sacht, 2022. "Macroeconomic dynamics under bounded rationality: on the impact of consumers’ forecast heuristics," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 17(3), pages 849-873, July.
    3. Salle, Isabelle L., 2023. "What to target? Insights from a lab experiment," Journal of Economic Behavior & Organization, Elsevier, vol. 212(C), pages 514-533.

  6. John Duffy & Frank Heinemann, 2016. "Central Bank Reputation, Cheap Talk and Transparency as Substitutes for Commitment: Experimental Evidence," Working Papers 161703, University of California-Irvine, Department of Economics.

    Cited by:

    1. Christian P Pinshi, 2022. "Ciblage des prévisions d'inflation : Un nouveau cadre pour la politique monétaire ?," Working Papers hal-03548273, HAL.
    2. Granziera, Eleonora & Jalasjoki, Pirkka & Paloviita, Maritta, 2024. "The bias of the ECB inflation projections: A State-dependent analysis," Bank of Finland Research Discussion Papers 4/2024, Bank of Finland.
    3. Camille Cornand & Frank Heinemann, 2019. "Experiments in macroeconomics: methods and applications," Post-Print halshs-01809937, HAL.
    4. Eleonora Granziera & Pirkka Jalasjoki & Maritta Paloviita, 2025. "The Bias of the ECB Inflation Projections: A State‐Dependent Analysis," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 44(3), pages 922-940, April.
    5. Ion Pohoață & Delia-Elena Diaconașu & Ioana Negru, 2024. "The independence of central banks: a reductio ad absurdum," Post-Print hal-04183244, HAL.
    6. John Duffy, 2022. "Why macroeconomics needs experimental evidence," The Japanese Economic Review, Springer, vol. 73(1), pages 5-29, January.
    7. Eleonora Granziera & Pirkka Jalasjoki & Maritta Paloviita, 2021. "The Bias and Efficiency of the ECB Inflation Projections: a State Dependent Analysis," Working Paper 2021/1, Norges Bank.
    8. In Do Hwang, 2018. "Central Bank Reputation and Inflation-Unemployment Performance: Empirical Evidence from an Executive Survey of 62 Countries," Working Papers 2018-14, Economic Research Institute, Bank of Korea.
    9. Ahrens, Steffen & Lustenhouwer, Joep & Tettamanzi, Michele, 2023. "The Stabilizing Effects of Publishing Strategic Central Bank Projections," Macroeconomic Dynamics, Cambridge University Press, vol. 27(3), pages 826-868, April.
    10. Marcus Giamattei, 2022. "Can Cold Turkey Reduce Inflation Inertia? Evidence on Disinflation and Level‐k Thinking from a Laboratory Experiment," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(8), pages 2477-2517, December.
    11. John Duffy & Daniela Puzzello, 2022. "The Friedman Rule: Experimental Evidence," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 63(2), pages 671-698, May.
    12. Petersen, Luba & Rholes, Ryan, 2022. "Macroeconomic expectations, central bank communication, and background uncertainty: A COVID-19 laboratory experiment," Journal of Economic Dynamics and Control, Elsevier, vol. 143(C).

  7. Philipp König & Kartik Anand & Frank Heinemann, 2013. "The ‘Celtic Crisis’: Guarantees, Transparency and Systemic Liquidity Risk," Staff Working Papers 13-31, Bank of Canada.

    Cited by:

    1. Yu, Sherry, 2017. "Sovereign and bank Interdependencies—Evidence from the CDS market," Research in International Business and Finance, Elsevier, vol. 39(PA), pages 68-84.

  8. Cornand, Camille & Heinemann, Frank, 2013. "Limited higher order beliefs and the welfare effects of public information," SFB 649 Discussion Papers 2013-039, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.

    Cited by:

    1. Trabelsi, Emna & Hichri, Walid, 2021. "Central Bank Transparency with (semi-)public Information: Laboratory Experiments," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 90(C).
    2. Camille Cornand & Frank Heinemann, 2019. "Experiments in macroeconomics: methods and applications," Post-Print halshs-01809937, HAL.
    3. Camille Cornand & Frank Heinemann, 2014. "Experiments on Monetary Policy and Central Banking," Research in Experimental Economics, in: Experiments in Macroeconomics, volume 17, pages 167-227, Emerald Group Publishing Limited.
    4. Kneeland, Terri, 2016. "Coordination under limited depth of reasoning," Games and Economic Behavior, Elsevier, vol. 96(C), pages 49-64.
    5. Helland, Leif & Iachan, Felipe S. & Juelsrud, Ragnar E. & Nenov, Plamen T., 2021. "Information quality and regime change: Evidence from the lab," Journal of Economic Behavior & Organization, Elsevier, vol. 191(C), pages 538-554.
    6. Massenot, Baptiste, 2020. "Pain of Paying in a Business Cycle Model," SAFE Working Paper Series 194, Leibniz Institute for Financial Research SAFE, revised 2020.
    7. Hüning, Hendrik & Meub, Lukas, 2015. "Optimal public information dissemination: Introducing observational learning into a generalized beauty contest," University of Göttingen Working Papers in Economics 260, University of Goettingen, Department of Economics.
    8. Hüning, Hendrik & Meub, Lukas, 2016. "Optimal public information dissemination: Introducing multiplier effects into a generalized beauty contest," University of Göttingen Working Papers in Economics 260 [rev.], University of Goettingen, Department of Economics.
    9. Camille Cornand & Frank Heinemann, 2014. "Measuring agents’ reaction to private and public information in games with strategic complementarities," Experimental Economics, Springer;Economic Science Association, vol. 17(1), pages 61-77, March.
    10. Hüning, Hendrik & Meub, Lukas, 2015. "Optimal public information dissemination: Introducing observational learning into a generalized beauty contest," HWWI Research Papers 169, Hamburg Institute of International Economics (HWWI).
    11. Banerjee, Sanjay & Qu, Hong & Zhao, Ran, 2022. "Clarity trumps content: An experiment on information acquisition in beauty contests," Journal of Economic Behavior & Organization, Elsevier, vol. 195(C), pages 381-407.
    12. Michal Szkup & Isabel Trevino, 2026. "Selection through information acquisition in coordination games," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 81(1), pages 113-148, February.
    13. Friedrich Poeschel, 2013. "Assortative matching through signals," 2013 Papers ppo178, Job Market Papers.

  9. Dietmar Fehr & Frank Heinemann & Aniol Llorente-Saguer, 2013. "The power of sunspots: an experimental analysis," Working Papers 13-2, Federal Reserve Bank of Boston.

    Cited by:

    1. Schmidt, Robert, 2025. "Social norm uncertainty: Measurement using coordination games and behavioral relevance," Journal of Economic Behavior & Organization, Elsevier, vol. 232(C).
    2. Jan Libich & Dat Thanh Nguyen & Hubert Janos Kiss, 2023. "Running Out of Bank Runs," Journal of Financial Services Research, Springer;Western Finance Association, vol. 64(1), pages 1-39, August.
    3. Kets, Willemien & Kager, Wouter & Sandroni, Alvaro, 2021. "The Value of a Coordination Game," SocArXiv ymzrd, Center for Open Science.
    4. Siebert, Jan & Yang, Guanzhong, 2021. "Coordination problems triggered by sunspots in the laboratory," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 94(C).
    5. Battiston, Pietro & Harrison, Sharon G., 2024. "Believe it or not: Experimental evidence on sunspot equilibria with social networks," Games and Economic Behavior, Elsevier, vol. 143(C), pages 223-247.
    6. Camille Cornand & Frank Heinemann, 2013. "Limited higher order beliefs and the welfare effects of public information," Working Papers halshs-00855049, HAL.
    7. Wang, Hanjie & Feil, Jan-Henning & Yu, Xiaohua, 2021. "Disagreement on sunspots and soybeans futures price," Economic Modelling, Elsevier, vol. 95(C), pages 385-393.
    8. Konstantinos Georgalos & Indrajit Ray & Sonali SenGupta, 2020. "Nash versus coarse correlation," Experimental Economics, Springer;Economic Science Association, vol. 23(4), pages 1178-1204, December.
    9. Bouton, Laurent & Castanheira, Micael & Llorente-Saguer, Aniol, 2015. "Multicandidate Elections: Aggregate Uncertainty in the Laboratory," CEPR Discussion Papers 10481, Centre for Economic Policy Research.
    10. Arifovic, Jasmina & Evans, George W. & Kostyshyna, Olena, 2020. "Are sunspots learnable? An experimental investigation in a simple macroeconomic model," Journal of Economic Dynamics and Control, Elsevier, vol. 110(C).
    11. Jasmina Arifovic & George Evans & Olena Kostyshyna, 2013. "Are Sunspots Learnable? An Experimental Investigation in a Simple General-Equilibrium Model," Staff Working Papers 13-14, Bank of Canada.
    12. Isabel Trevino, 2020. "Informational Channels of Financial Contagion," Econometrica, Econometric Society, vol. 88(1), pages 297-335, January.
    13. Bosch-Domènech, Antoni & Vriend, Nicolaas J., 2013. "On the role of non-equilibrium focal points as coordination devices," Journal of Economic Behavior & Organization, Elsevier, vol. 94(C), pages 52-67.
    14. Schmidt, Robert J., 2019. "Capitalizing on the (false) consensus effect: Two tractable methods to elicit private information," Working Papers 0669, University of Heidelberg, Department of Economics.
    15. Funaki, Yukihiko & Kawamura, Kohei & Ueda, Kozo & Uto, Nobuyuki, 2025. "Price stickiness and strategic uncertainty: An experimental study," Journal of Economic Dynamics and Control, Elsevier, vol. 180(C).
    16. Aloisio Araujo & Wilfredo L. Maldonado & Diogo Pinheiro & Alberto A. Pinto & Mohammad Choubdar Soltanahmadi, 2021. "Refinement of dynamic equilibrium using small random perturbations," International Journal of Economic Theory, The International Society for Economic Theory, vol. 17(3), pages 258-283, September.
    17. Luca Vota & Luisa Errichiello, 2025. "Job insecurity, equilibrium determinacy and E-stability in a New Keynesian model with asymmetric information. Theory and simulation analysis," Papers 2512.13627, arXiv.org, revised Dec 2025.
    18. Bizer, Kilian & Meub, Lukas & Proeger, Till & Spiwoks, Markus, 2014. "Strategic coordination in forecasting: An experimental study," University of Göttingen Working Papers in Economics 195, University of Goettingen, Department of Economics.
    19. Arifovic, Jasmina & Jiang, Janet Hua, 2019. "Strategic uncertainty and the power of extrinsic signals– evidence from an experimental study of bank runs," Journal of Economic Behavior & Organization, Elsevier, vol. 167(C), pages 1-17.

  10. Dönges, Jutta & Heinemann, Frank & Daniëls, Tijmen R., 2013. "Crossing network versus dealer market: Unique equilibrium in the allocation of order flow," SFB 649 Discussion Papers 2013-007, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.

    Cited by:

    1. Anand, Kartik & König, Philipp Johann, 2026. "Multiple equilibria? Don't panic! - A hitchhiker's guide to global games," Discussion Papers 05/2026, Deutsche Bundesbank.
    2. M. Alessandra Crisafi & Andrea Macrina, 2016. "Simultaneous Trading In ‘Lit’ And Dark Pools," International Journal of Theoretical and Applied Finance (IJTAF), World Scientific Publishing Co. Pte. Ltd., vol. 19(08), pages 1-33, December.
    3. Lahet, Delphine & Vaubourg, Anne-Gaël, 2017. "Bank ownership of multilateral trading facilities and implications for historical exchanges: An industrial economics approach," Economic Modelling, Elsevier, vol. 65(C), pages 9-17.
    4. Gomber, Peter & Sagade, Satchit & Theissen, Erik & Weber, Moritz Christian & Westheide, Christian, 2016. "Spoilt for choice: Order routing decisions in fragmented equity markets," CFR Working Papers 16-04, University of Cologne, Centre for Financial Research (CFR).
    5. Bielagk, Jana & Horst, Ulrich & Moreno-Bromberg, Santiago, 2019. "Trading under market impact: Crossing networks interacting with dealer markets," Journal of Economic Dynamics and Control, Elsevier, vol. 100(C), pages 131-151.
    6. Jana Bielagk & Ulrich Horst & Santiago Moreno--Bromberg, 2016. "A Principal-Agent Model of Trading Under Market Impact -Crossing networks interacting with dealer markets-," Papers 1607.04047, arXiv.org, revised Aug 2016.
    7. M. Alessandra Crisafi & Andrea Macrina, 2014. "Simultaneous Trading in 'Lit' and Dark Pools," Papers 1405.2023, arXiv.org, revised Jan 2016.
    8. Gomber, Peter & Sagade, Satchit & Theissen, Erik & Weber, Moritz Christian & Westheide, Christian, 2023. "Spoilt for choice: Determinants of market shares in fragmented equity markets," Journal of Financial Markets, Elsevier, vol. 64(C).

  11. Camille Cornand & Frank Heinemann, 2013. "Limited higher order beliefs and the welfare effects of public information," Working Papers 1324, Groupe d'Analyse et de Théorie Economique Lyon St-Etienne (GATE Lyon St-Etienne), Université de Lyon.

    Cited by:

    1. Trabelsi, Emna & Hichri, Walid, 2021. "Central Bank Transparency with (semi-)public Information: Laboratory Experiments," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 90(C).
    2. Camille Cornand & Frank Heinemann, 2019. "Experiments in macroeconomics: methods and applications," Post-Print halshs-01809937, HAL.
    3. Camille Cornand & Frank Heinemann, 2014. "Experiments on Monetary Policy and Central Banking," Research in Experimental Economics, in: Experiments in Macroeconomics, volume 17, pages 167-227, Emerald Group Publishing Limited.
    4. Kneeland, Terri, 2016. "Coordination under limited depth of reasoning," Games and Economic Behavior, Elsevier, vol. 96(C), pages 49-64.
    5. Helland, Leif & Iachan, Felipe S. & Juelsrud, Ragnar E. & Nenov, Plamen T., 2021. "Information quality and regime change: Evidence from the lab," Journal of Economic Behavior & Organization, Elsevier, vol. 191(C), pages 538-554.
    6. Massenot, Baptiste, 2020. "Pain of Paying in a Business Cycle Model," SAFE Working Paper Series 194, Leibniz Institute for Financial Research SAFE, revised 2020.
    7. Camille Cornand & Frank Heinemann, 2014. "Measuring agents’ reaction to private and public information in games with strategic complementarities," Experimental Economics, Springer;Economic Science Association, vol. 17(1), pages 61-77, March.
    8. Banerjee, Sanjay & Qu, Hong & Zhao, Ran, 2022. "Clarity trumps content: An experiment on information acquisition in beauty contests," Journal of Economic Behavior & Organization, Elsevier, vol. 195(C), pages 381-407.
    9. Michal Szkup & Isabel Trevino, 2026. "Selection through information acquisition in coordination games," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 81(1), pages 113-148, February.
    10. Friedrich Poeschel, 2013. "Assortative matching through signals," 2013 Papers ppo178, Job Market Papers.

  12. Dönges, Jutta & Heinemann, Frank & Daniëls, Tijmen R., 2013. "Crossing network versus dealer market: Unique equilibrium in the allocation of order flow," SFB 649 Discussion Papers 2013-007, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.

    Cited by:

    1. Anand, Kartik & König, Philipp Johann, 2026. "Multiple equilibria? Don't panic! - A hitchhiker's guide to global games," Discussion Papers 05/2026, Deutsche Bundesbank.
    2. M. Alessandra Crisafi & Andrea Macrina, 2016. "Simultaneous Trading In ‘Lit’ And Dark Pools," International Journal of Theoretical and Applied Finance (IJTAF), World Scientific Publishing Co. Pte. Ltd., vol. 19(08), pages 1-33, December.
    3. Lahet, Delphine & Vaubourg, Anne-Gaël, 2017. "Bank ownership of multilateral trading facilities and implications for historical exchanges: An industrial economics approach," Economic Modelling, Elsevier, vol. 65(C), pages 9-17.
    4. Gomber, Peter & Sagade, Satchit & Theissen, Erik & Weber, Moritz Christian & Westheide, Christian, 2016. "Spoilt for choice: Order routing decisions in fragmented equity markets," CFR Working Papers 16-04, University of Cologne, Centre for Financial Research (CFR).
    5. Bielagk, Jana & Horst, Ulrich & Moreno-Bromberg, Santiago, 2019. "Trading under market impact: Crossing networks interacting with dealer markets," Journal of Economic Dynamics and Control, Elsevier, vol. 100(C), pages 131-151.
    6. Jana Bielagk & Ulrich Horst & Santiago Moreno--Bromberg, 2016. "A Principal-Agent Model of Trading Under Market Impact -Crossing networks interacting with dealer markets-," Papers 1607.04047, arXiv.org, revised Aug 2016.
    7. M. Alessandra Crisafi & Andrea Macrina, 2014. "Simultaneous Trading in 'Lit' and Dark Pools," Papers 1405.2023, arXiv.org, revised Jan 2016.
    8. Gomber, Peter & Sagade, Satchit & Theissen, Erik & Weber, Moritz Christian & Westheide, Christian, 2023. "Spoilt for choice: Determinants of market shares in fragmented equity markets," Journal of Financial Markets, Elsevier, vol. 64(C).

  13. König, Philipp & Anand, Kartik & Heinemann, Frank, 2013. "The 'Celtic Crisis': Guarantees, transparency, and systemic liquidity risk," SFB 649 Discussion Papers 2013-025, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.

    Cited by:

    1. Stephan Luck & Paul Schempp, 2014. "Sovereign Defaults, Bank Runs, and Contagion," Discussion Paper Series of the Max Planck Institute for Behavioral Economics 2014_15, Max Planck Institute for Behavioral Economics.
    2. Yu, Sherry, 2017. "Sovereign and bank Interdependencies—Evidence from the CDS market," Research in International Business and Finance, Elsevier, vol. 39(PA), pages 68-84.
    3. Friedrich Poeschel, 2013. "Assortative matching through signals," 2013 Papers ppo178, Job Market Papers.

  14. Fehr, Dietmar & Heinemann, Frank & Llorente-Saguer, Aniol, 2011. "The power of sunspots: An experimental analysis," SFB 649 Discussion Papers 2011-070, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.

    Cited by:

    1. Schmidt, Robert, 2025. "Social norm uncertainty: Measurement using coordination games and behavioral relevance," Journal of Economic Behavior & Organization, Elsevier, vol. 232(C).
    2. Jan Libich & Dat Thanh Nguyen & Hubert Janos Kiss, 2023. "Running Out of Bank Runs," Journal of Financial Services Research, Springer;Western Finance Association, vol. 64(1), pages 1-39, August.
    3. Kets, Willemien & Kager, Wouter & Sandroni, Alvaro, 2021. "The Value of a Coordination Game," SocArXiv ymzrd, Center for Open Science.
    4. Siebert, Jan & Yang, Guanzhong, 2021. "Coordination problems triggered by sunspots in the laboratory," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 94(C).
    5. Battiston, Pietro & Harrison, Sharon G., 2024. "Believe it or not: Experimental evidence on sunspot equilibria with social networks," Games and Economic Behavior, Elsevier, vol. 143(C), pages 223-247.
    6. Camille Cornand & Frank Heinemann, 2013. "Limited higher order beliefs and the welfare effects of public information," Working Papers halshs-00855049, HAL.
    7. Wang, Hanjie & Feil, Jan-Henning & Yu, Xiaohua, 2021. "Disagreement on sunspots and soybeans futures price," Economic Modelling, Elsevier, vol. 95(C), pages 385-393.
    8. Konstantinos Georgalos & Indrajit Ray & Sonali SenGupta, 2020. "Nash versus coarse correlation," Experimental Economics, Springer;Economic Science Association, vol. 23(4), pages 1178-1204, December.
    9. Bouton, Laurent & Castanheira, Micael & Llorente-Saguer, Aniol, 2015. "Multicandidate Elections: Aggregate Uncertainty in the Laboratory," CEPR Discussion Papers 10481, Centre for Economic Policy Research.
    10. Arifovic, Jasmina & Evans, George W. & Kostyshyna, Olena, 2020. "Are sunspots learnable? An experimental investigation in a simple macroeconomic model," Journal of Economic Dynamics and Control, Elsevier, vol. 110(C).
    11. Jasmina Arifovic & George Evans & Olena Kostyshyna, 2013. "Are Sunspots Learnable? An Experimental Investigation in a Simple General-Equilibrium Model," Staff Working Papers 13-14, Bank of Canada.
    12. Isabel Trevino, 2020. "Informational Channels of Financial Contagion," Econometrica, Econometric Society, vol. 88(1), pages 297-335, January.
    13. Bosch-Domènech, Antoni & Vriend, Nicolaas J., 2013. "On the role of non-equilibrium focal points as coordination devices," Journal of Economic Behavior & Organization, Elsevier, vol. 94(C), pages 52-67.
    14. Jasmina Arifovic & Janet Hua Jiang, 2014. "Do Sunspots Matter? Evidence from an Experimental Study of Bank Runs," Staff Working Papers 14-12, Bank of Canada.
    15. Schmidt, Robert J., 2019. "Capitalizing on the (false) consensus effect: Two tractable methods to elicit private information," Working Papers 0669, University of Heidelberg, Department of Economics.
    16. Funaki, Yukihiko & Kawamura, Kohei & Ueda, Kozo & Uto, Nobuyuki, 2025. "Price stickiness and strategic uncertainty: An experimental study," Journal of Economic Dynamics and Control, Elsevier, vol. 180(C).
    17. Aloisio Araujo & Wilfredo L. Maldonado & Diogo Pinheiro & Alberto A. Pinto & Mohammad Choubdar Soltanahmadi, 2021. "Refinement of dynamic equilibrium using small random perturbations," International Journal of Economic Theory, The International Society for Economic Theory, vol. 17(3), pages 258-283, September.
    18. Luca Vota & Luisa Errichiello, 2025. "Job insecurity, equilibrium determinacy and E-stability in a New Keynesian model with asymmetric information. Theory and simulation analysis," Papers 2512.13627, arXiv.org, revised Dec 2025.
    19. Schmitt, Noemi & Westerhoff, Frank, 2016. "Heterogeneity, spontaneous coordination and extreme events within large-scale and small-scale agent-based financial market models," BERG Working Paper Series 111, Bamberg University, Bamberg Economic Research Group.
    20. Bizer, Kilian & Meub, Lukas & Proeger, Till & Spiwoks, Markus, 2014. "Strategic coordination in forecasting: An experimental study," University of Göttingen Working Papers in Economics 195, University of Goettingen, Department of Economics.
    21. Arifovic, Jasmina & Jiang, Janet Hua, 2019. "Strategic uncertainty and the power of extrinsic signals– evidence from an experimental study of bank runs," Journal of Economic Behavior & Organization, Elsevier, vol. 167(C), pages 1-17.
    22. Arifovic, Jasmina & Hua Jiang, Janet & Xu, Yiping, 2013. "Experimental evidence of bank runs as pure coordination failures," Journal of Economic Dynamics and Control, Elsevier, vol. 37(12), pages 2446-2465.

  15. Camille Cornand & Frank Heinemann, 2010. "Measuring Agents' Reaction to Private and Public Information in Games with Strategic Complementarities," CESifo Working Paper Series 2947, CESifo.

    Cited by:

    1. Chakravarty, Surajeet & Choo, Lawrence & Fonseca, Miguel A. & Kaplan, Todd R., 2020. "Should regulators always be transparent? A bank run experiment," MPRA Paper 99948, University Library of Munich, Germany.
    2. Piotr Evdokimov & Umberto Garfagnini, 2022. "Higher-order learning," Experimental Economics, Springer;Economic Science Association, vol. 25(4), pages 1234-1266, September.
    3. Ruiz-Buforn, Alba & Camacho-Cuena, Eva & Morone, Andrea & Alfarano, Simone, 2021. "Overweighting of public information in financial markets: A lesson from the lab," Journal of Banking & Finance, Elsevier, vol. 133(C).
    4. Trabelsi, Emna & Hichri, Walid, 2021. "Central Bank Transparency with (semi-)public Information: Laboratory Experiments," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 90(C).
    5. Emna Trabelsi & Walid Hichri, 2013. "Central bank Transparency and Information Dissemination : An experimental Approach," Working Papers halshs-00915667, HAL.
    6. Camille Cornand & Romain Baeriswyl, 2014. "The predominant role of signal precision in experimental beauty contest," Working Papers halshs-01098772, HAL.
    7. Davide Cianciaruso & Fabrizio Germano, 2011. "Quotient spaces of boundedly rational types," Economics Working Papers 1287, Department of Economics and Business, Universitat Pompeu Fabra.
    8. Khadjavi, Menusch & Lange, Andreas & Nicklisch, Andreas, 2014. "The Social Value of Transparency and Accountabilityː Experimental Evidence from Asymmetric Public Goods Games," WiSo-HH Working Paper Series 12, University of Hamburg, Faculty of Business, Economics and Social Sciences, WISO Research Laboratory.
    9. Ruiz-Buforn, Alba & Alfarano, Simone & Camacho-Cuena, Eva & Morone, Andrea, 2020. "Single vs. multiple disclosures in an experimental asset market with information acquisition," MPRA Paper 101035, University Library of Munich, Germany.
    10. Cox, Caleb & Davis, Douglas & Korenok, Oleg & Lightle, John, 2023. "Stress tests and information disclosure: An experimental analysis," Journal of Banking & Finance, Elsevier, vol. 154(C).
    11. Yasushi Asako & Yukihiko Funaki & Kozo Ueda & Nobuyuki Uto, 2016. "Symmetric Information Bubbles: Experimental Evidence," Working Papers 1613, Waseda University, Faculty of Political Science and Economics.
    12. Camille Cornand & Frank Heinemann, 2014. "Experiments on Monetary Policy and Central Banking," Research in Experimental Economics, in: Experiments in Macroeconomics, volume 17, pages 167-227, Emerald Group Publishing Limited.
    13. Budanova, Sofya, 2025. "Penalized estimation of finite mixture models," Journal of Econometrics, Elsevier, vol. 249(PB).
    14. Romain Baeriswyl & Kene Boun My & Camille Cornand, 2021. "Double overreaction in beauty-contests with information acquisition: theory and experiment," Post-Print hal-03468857, HAL.
    15. Christos A. Ioannou & Miltiadis Makris, 2019. "An Experimental Study Of Uncertainty In Coordination Games," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-03268470, HAL.
    16. Romain Baeriswyl & Camille Cornand, 2012. "Reducing overreaction to central banks' disclosures : theory and experiment," Working Papers halshs-00657943, HAL.
    17. Sanjay Banerjee & Michael Maier, 2016. "Public Information Precision and Coordination Failure: An Experiment," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 54(4), pages 941-986, September.
    18. Kneeland, Terri, 2016. "Coordination under limited depth of reasoning," Games and Economic Behavior, Elsevier, vol. 96(C), pages 49-64.
    19. Marcus Giamattei & Johann Lambsdorff, 2015. "Balancing the current account: experimental evidence on underconsumption," Experimental Economics, Springer;Economic Science Association, vol. 18(4), pages 670-696, December.
    20. Camille Cornand & Frank Heinemann, 2013. "Limited higher order beliefs and the welfare effects of public information," Working Papers halshs-00855049, HAL.
    21. Camille Cornand & Frank Heinemann, 2015. "Macro-expérimentation autour des fonctions des banques centrales," Post-Print halshs-01232455, HAL.
    22. Boun My, Kene & Cornand, Camille & Dos Santos Ferreira, Rodolphe, 2021. "Public information and the concern for coordination," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 93(C).
    23. Helland, Leif & Iachan, Felipe S. & Juelsrud, Ragnar E. & Nenov, Plamen T., 2021. "Information quality and regime change: Evidence from the lab," Journal of Economic Behavior & Organization, Elsevier, vol. 191(C), pages 538-554.
    24. Te Bao & John Duffy, 2021. "Signal extraction: experimental evidence," Theory and Decision, Springer, vol. 90(2), pages 219-232, March.
    25. Hüning, Hendrik & Meub, Lukas, 2015. "Optimal public information dissemination: Introducing observational learning into a generalized beauty contest," University of Göttingen Working Papers in Economics 260, University of Goettingen, Department of Economics.
    26. Caylor, Marcus & Hong, Duanping & Park, Hyungshin & Qu, Hong, 2023. "Do analysts anchor on public signals in forecasting the target price of disruptive technology firms?," Economics Letters, Elsevier, vol. 228(C).
    27. Gabriel Desgranges & Stéphane Gauthier, 2013. "Asymmetric information and rationalizability," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 54(3), pages 789-804, November.
    28. Manshu Khanna & Bozhang Xia, 2026. "Algorithm-Driven Information Similarity and Collective Action: An Experimental Study," Papers 2607.25472, arXiv.org.
    29. Isabel Trevino, 2020. "Informational Channels of Financial Contagion," Econometrica, Econometric Society, vol. 88(1), pages 297-335, January.
    30. Kohei Kawamura & Vasileios Vlaseros, 2015. "Expert Information and Majority Decisions," Edinburgh School of Economics Discussion Paper Series 261, Edinburgh School of Economics, University of Edinburgh.
    31. Ruiz-Buforn, Alba & Alfarano, Simone & Morone, Andrea, 2019. "Welfare effects of public information in a laboratory financial market," MPRA Paper 95424, University Library of Munich, Germany.
    32. Kawamura, Kohei & Vlaseros, Vasileios, 2017. "Expert information and majority decisions," Journal of Public Economics, Elsevier, vol. 147(C), pages 77-88.
    33. Olga Shurchkov, 2013. "Coordination and learning in dynamic global games: experimental evidence," Experimental Economics, Springer;Economic Science Association, vol. 16(3), pages 313-334, September.
    34. Alfarano, Simone & Camacho, Eva & Petrovic, Marko & Provenzano, Giulia, 2014. "The Interplay between Public and Private Information in Asset Markets: Theoretical and Experimental Approaches," FinMaP-Working Papers 9, Collaborative EU Project FinMaP - Financial Distortions and Macroeconomic Performance: Expectations, Constraints and Interaction of Agents.
    35. Alfarano, Simone & Camacho, Eva & Morone, Andrea, 2015. "Do investors rely too much on public information to be justified by its accuracy? An experimental study," FinMaP-Working Papers 30, Collaborative EU Project FinMaP - Financial Distortions and Macroeconomic Performance: Expectations, Constraints and Interaction of Agents.
    36. Paul Hubert, 2010. "Monetary policy, imperfect information and the expectations channel [Politique monétaire,information imparfaite et canal des anticipations]," Sciences Po Economics Publications (main) tel-04095385, HAL.
    37. Hüning, Hendrik & Meub, Lukas, 2016. "Optimal public information dissemination: Introducing multiplier effects into a generalized beauty contest," University of Göttingen Working Papers in Economics 260 [rev.], University of Goettingen, Department of Economics.
    38. Sergio Currarini & Francesco Feri & Bjoern Hartig & Miguel A. Meléndez-Jiménez, 2020. "To Share or Not to Share: An Experiment on Information Transmission in Networks," Working Papers 2020-06, Universidad de Málaga, Department of Economic Theory, Málaga Economic Theory Research Center.
    39. Ruiz-Buforn, Alba & Alfarano, Simone & Camacho-Cuena, Eva & Morone, Andrea, 2018. "Crowding out effect and traders' overreliance on public information in financial markets: a lesson from the lab," MPRA Paper 88866, University Library of Munich, Germany.
    40. Zakharov, Alexei & Bondarenko, Oxana, 2021. "Social status and social learning," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 90(C).
    41. Bousselmi, Wael & Peia, Oana & Vranceanu, Radu, 2026. "Rollover and insolvency risk in sovereign debt pricing: An experimental study," Journal of Economic Dynamics and Control, Elsevier, vol. 185(C).
    42. Radu, Vranceanu & Besancenot, Damien & Dubart, Delphine, 2013. "Can Rumors and Other Uninformative Messages Cause Illiquidity ?," ESSEC Working Papers WP1309, ESSEC Research Center, ESSEC Business School, revised Jun 2014.
    43. Steven J. Bosworth, 2017. "The importance of higher-order beliefs to successful coordination," Experimental Economics, Springer;Economic Science Association, vol. 20(1), pages 237-258, March.
    44. Hüning, Hendrik & Meub, Lukas, 2015. "Optimal public information dissemination: Introducing observational learning into a generalized beauty contest," HWWI Research Papers 169, Hamburg Institute of International Economics (HWWI).
    45. Shapiro, Dmitry & Shi, Xianwen & Zillante, Artie, 2014. "Level-k reasoning in a generalized beauty contest," Games and Economic Behavior, Elsevier, vol. 86(C), pages 308-329.
    46. Kene Boun My & Camille Cornand & Rodolphe Dos Santos Ferreira, 2017. "Speculation rather than enterprise? Keynes’ beauty contest revisited in theory and experiment," Working Papers of BETA 2017-13, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    47. Dmitry Shapiro & Xianwen Shi & Artie Zillante, 2009. "Robustness of Level-k Reasoning in Generalized Beauty Contest Games," Working Papers tecipa-380, University of Toronto, Department of Economics.
    48. Banerjee, Sanjay & Qu, Hong & Zhao, Ran, 2022. "Clarity trumps content: An experiment on information acquisition in beauty contests," Journal of Economic Behavior & Organization, Elsevier, vol. 195(C), pages 381-407.
    49. Michal Szkup & Isabel Trevino, 2026. "Selection through information acquisition in coordination games," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 81(1), pages 113-148, February.
    50. Szkup, Michal & Trevino, Isabel, 2020. "Sentiments, strategic uncertainty, and information structures in coordination games," Games and Economic Behavior, Elsevier, vol. 124(C), pages 534-553.
    51. Islam Md Tawhidul & Kenta Tanaka & Koji Kotani, 2025. "Sharing Information and Threshold Ambiguity in Public Bads Prevention," World, MDPI, vol. 6(1), pages 1-17, January.

  16. Basteck, Christian & Daniëls, Tijmen R. & Heinemann, Frank, 2010. "Characterising equilibrium selection in global games with strategic complementarities," SFB 649 Discussion Papers 2010-008, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.

    Cited by:

    1. Eric Hoffmann, 2013. "Global Games Selection in Games with Strategic Substitutes or Complements," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201308, University of Kansas, Department of Economics.
    2. Anand, Kartik & König, Philipp Johann, 2026. "Multiple equilibria? Don't panic! - A hitchhiker's guide to global games," Discussion Papers 05/2026, Deutsche Bundesbank.
    3. Eric J. Hoffmann & Tarun Sabarwal, 2019. "Equilibrium existence in global games with general payoff structures," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 7(1), pages 105-115, May.
    4. Hoffmann, Eric & Sabarwal, Tarun, 2018. "Monotone Global Games," MPRA Paper 86943, University Library of Munich, Germany.
    5. Leister, Matthew & Zenou, Yves & Zhou, Junjie, 2017. "Coordination on Networks," CEPR Discussion Papers 12392, Centre for Economic Policy Research.
    6. Stephen Morris & Daisuke Oyama & Satoru Takahashi, 2023. "Strict robustness to incomplete information," The Japanese Economic Review, Springer, vol. 74(3), pages 357-376, July.
    7. Daisuke Oyama & Satoru Takahashi, 2011. "On the Relationship between Robustness to Incomplete Information and Noise-Independent Selection in Global Games," Working Papers 1324, Princeton University, Department of Economics, Econometric Research Program..
    8. Atsushi Kajii & Stephen Morris, 2020. "Notes on “refinements and higher order beliefs”," The Japanese Economic Review, Springer, vol. 71(1), pages 35-41, January.
    9. Iijima, Ryota, 2015. "Iterated generalized half-dominance and global game selection," Journal of Economic Theory, Elsevier, vol. 159(PA), pages 120-136.
    10. Harrison, Rodrigo & Jara-Moroni, Pedro, 2015. "A dominance solvable global game with strategic substitutes," Journal of Mathematical Economics, Elsevier, vol. 57(C), pages 1-11.
    11. Hoffmann, Eric J. & Sabarwal, Tarun, 2019. "Global games with strategic complements and substitutes," Games and Economic Behavior, Elsevier, vol. 118(C), pages 72-93.

  17. Basteck, Christian & Daniëls, Tijmen R. & Heinemann, Frank, 2010. "Characterising equilibrium selection in global games with strategic complementarities," SFB 649 Discussion Papers 2010-008, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.

    Cited by:

    1. Eric Hoffmann, 2013. "Global Games Selection in Games with Strategic Substitutes or Complements," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201308, University of Kansas, Department of Economics.
    2. Anand, Kartik & König, Philipp Johann, 2026. "Multiple equilibria? Don't panic! - A hitchhiker's guide to global games," Discussion Papers 05/2026, Deutsche Bundesbank.
    3. Eric J. Hoffmann & Tarun Sabarwal, 2019. "Equilibrium existence in global games with general payoff structures," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 7(1), pages 105-115, May.
    4. Basteck, Christian & Daniëls, Tijmen R., 2010. "Every symmetric 3 x 3 global game of strategic complementarities is noise independent," SFB 649 Discussion Papers 2010-061, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    5. Fiocco, Raffaele, 2010. "The optimal industry structure in a vertically related market," SFB 649 Discussion Papers 2010-024, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    6. Hoffmann, Eric & Sabarwal, Tarun, 2018. "Monotone Global Games," MPRA Paper 86943, University Library of Munich, Germany.
    7. Rodrigo Harrison & Pedro Jara‐Moroni, 2021. "Global Games With Strategic Substitutes," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 62(1), pages 141-173, February.
    8. Baranovski, Alexander L., 2010. "Dynamical systems forced by shot noise as a new paradigm in the interest rate modeling," SFB 649 Discussion Papers 2010-037, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    9. Leister, Matthew & Zenou, Yves & Zhou, Junjie, 2017. "Coordination on Networks," CEPR Discussion Papers 12392, Centre for Economic Policy Research.
    10. Stephen Morris & Daisuke Oyama & Satoru Takahashi, 2023. "Strict robustness to incomplete information," The Japanese Economic Review, Springer, vol. 74(3), pages 357-376, July.
    11. Panov, Vladimir, 2010. "Non-gaussian component analysis: New ideas, new proofs, new applications," SFB 649 Discussion Papers 2010-026, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    12. Eric J. Hoffmann & Tarun Sabarwal, 2019. "Global Games With Strategic Complements and Substitutes," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201908, University of Kansas, Department of Economics.
    13. Marion Oury, 2012. "Noise-Independent Selection in Multidimensional Global Games," Thema Working Papers 2012-28, THEMA (Théorie Economique, Modélisation et Applications), CY Cergy-Paris University, ESSEC and CNRS.
    14. Honda, Jun, 2011. "Noise-independent selection in global games and monotone potential maximizer: A symmetric 3×3 example," Journal of Mathematical Economics, Elsevier, vol. 47(6), pages 663-669.
    15. Daisuke Oyama & Satoru Takahashi, 2011. "On the Relationship between Robustness to Incomplete Information and Noise-Independent Selection in Global Games," Working Papers 1324, Princeton University, Department of Economics, Econometric Research Program..
    16. Härdle, Wolfgang Karl & Moro, Rouslan A. & Hoffmann, Linda, 2010. "Learning machines supporting bankruptcy prediction," SFB 649 Discussion Papers 2010-032, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    17. Daniëls, Tijmen R. & Dönges, Jutta & Heinemann, Frank, 2013. "Crossing network versus dealer market: Unique equilibrium in the allocation of order flow," European Economic Review, Elsevier, vol. 62(C), pages 41-57.
    18. Panov, Vladimir, 2010. "Estimation of the signal subspace without estimation of the inverse covariance matrix," SFB 649 Discussion Papers 2010-050, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    19. Atsushi Kajii & Stephen Morris, 2020. "Notes on “refinements and higher order beliefs”," The Japanese Economic Review, Springer, vol. 71(1), pages 35-41, January.
    20. Iijima, Ryota, 2015. "Iterated generalized half-dominance and global game selection," Journal of Economic Theory, Elsevier, vol. 159(PA), pages 120-136.
    21. Harrison, Rodrigo & Jara-Moroni, Pedro, 2015. "A dominance solvable global game with strategic substitutes," Journal of Mathematical Economics, Elsevier, vol. 57(C), pages 1-11.
    22. Janek, Agnieszka & Kluge, Tino & Weron, Rafał & Wystup, Uwe, 2010. "FX smile in the Heston model," SFB 649 Discussion Papers 2010-047, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    23. Sabiwalsky, Ralf, 2010. "Executive compensation regulation and the dynamics of the pay-performance sensitivity," SFB 649 Discussion Papers 2010-051, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    24. Basteck, Christian & Daniëls, Tijmen R. & Heinemann, Frank, 2013. "Characterising equilibrium selection in global games with strategic complementarities," Journal of Economic Theory, Elsevier, vol. 148(6), pages 2620-2637.
    25. Basteck, Christian & Daniëls, Tijmen R., 2011. "Every symmetric 3×3 global game of strategic complementarities has noise-independent selection," Journal of Mathematical Economics, Elsevier, vol. 47(6), pages 749-754.

  18. Frank Heinemann, 2008. "Escaping from a Combination of Liquidity Trap and Credit Crunch," CESifo Working Paper Series 2450, CESifo.

    Cited by:

    1. Wim Naudé, 2009. "The Financial Crisis of 2008 and the Developing Countries," WIDER Working Paper Series DP2009-01, World Institute for Development Economic Research (UNU-WIDER).
    2. Bac Cong Truong & Phan Quan Viet & Vu Thi Kim Hanh & Ho Thi Phuong Thao & Le Huong Duong & Nguyen Ho Viet Anh, 2020. "Highlights in Managing Monetary Policy of Vietnam in Post-Crisis Period," Journal of Asian Development, Macrothink Institute, vol. 6(1), pages 1-16, April.

  19. Cornand, Camille & Heinemann, Frank, 2006. "Speculative attacks with multiple sources of public information," LSE Research Online Documents on Economics 24522, London School of Economics and Political Science, LSE Library.

    Cited by:

    1. Silvia Sonderegger, 2010. "Centralized Or Decentralized Information: Which Is Better For Providing Incentives?," Economic Inquiry, Western Economic Association International, vol. 48(2), pages 290-305, April.
    2. Gonzalo Llosa & Vicente Tuesta & Marco Vega, 2006. "A BVAR Forecasting Model for Peruvian Inflation," Money Affairs, CEMLA, vol. 0(2), pages 117-141, July-Dece.
    3. Angeletos, G.-M. & Lian, C., 2016. "Incomplete Information in Macroeconomics," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 1065-1240, Elsevier.
    4. Jean-Pierre Allegret & Camille Cornand, 2005. "The Pros and Cons of Higher Transparency: The Case of Speculative Attacks," Working Papers 0502, Groupe d'Analyse et de Théorie Economique Lyon St-Etienne (GATE Lyon St-Etienne), Université de Lyon.
    5. Jean-Marc Tallon, 2006. "Incertitude stratégique et sélection d'équilibre : deux applications," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00177058, HAL.
    6. Daniëls, Tijmen R. & Jager, Henk & Klaassen, Franc, 2011. "Currency crises with the threat of an interest rate defence," Journal of International Economics, Elsevier, vol. 85(1), pages 14-24, September.
    7. George-Marios Angeletos & Chen Lian, 2016. "Incomplete Information in Macroeconomics: Accommodating Frictions in Coordination," NBER Working Papers 22297, National Bureau of Economic Research, Inc.
    8. Kenneth Coates, 2006. "Measurement Problems in Household International Remittances," Money Affairs, CEMLA, vol. 0(2), pages 95-115, July-Dece.
    9. Isabelle Strauss-Kahn, 2006. "Secrecy in Foreign exchange Interventions: the Point of View of a Practitioner in a European Context," Money Affairs, CEMLA, vol. 0(2), pages 159-179, July-Dece.
    10. Trevor Campbell, 2006. "The Impact of Barbados’ Investment Climate on its Foreign Direct Investment Inflows," Money Affairs, CEMLA, vol. 0(2), pages 143-157, July-Dece.

  20. Heinemann, Frank, 2005. "Measuring Risk Aversion and the Wealth Effect," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 156, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.

    Cited by:

    1. Moshe Levy, 2025. "Relative risk aversion must be close to 1," Annals of Operations Research, Springer, vol. 346(1), pages 127-135, March.
    2. Booij, Adam S. & van Praag, Bernard M.S., 2009. "A simultaneous approach to the estimation of risk aversion and the subjective time discount rate," Journal of Economic Behavior & Organization, Elsevier, vol. 70(1-2), pages 374-388, May.
    3. Young-Il Kim & Jungmin Lee, 2012. "Estimating Risk Aversion Using Individual-Level Survey Data," Korean Economic Review, Korean Economic Association, vol. 28, pages 221-239.
    4. Richard Engelbrecht-Wiggans & Elena Katok, 2006. "E-sourcing in Procurement: Theory and Behavior in Reverse Auctions with Noncompetitive Contracts," Management Science, INFORMS, vol. 52(4), pages 581-596, April.
    5. Johansson-Stenman, Olof, 2006. "A Note on the Risk Behavior and Death of Homo Economicus," Working Papers in Economics 221, University of Gothenburg, Department of Economics.
    6. Johansson-Stenman, Olof, 2010. "Risk aversion and expected utility of consumption over time," Games and Economic Behavior, Elsevier, vol. 68(1), pages 208-219, January.
    7. Dilip B. Madan & King Wang, 2024. "On the real rate of interest in a closed economy," Annals of Finance, Springer, vol. 20(4), pages 459-477, December.
    8. Raghavendra Kushawaha & Naresh Kumar Sharma, 2025. "Risk behavior among farmers: examining expected utility and prospect theory approach," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 27(1), pages 20-46, April.

  21. Camille Cornand & Frank Heinemann, 2004. "Optimal Degree of Public Information Dissemination," CESifo Working Paper Series 1353, CESifo.

    Cited by:

    1. George-Marios Angeletos & Luigi Iovino & Jennifer La'O, 2011. "Cycles, Gaps, and the Social Value of Information," NBER Working Papers 17229, National Bureau of Economic Research, Inc.
    2. Ryan A Chahrour, 2011. "Transparency and Costly Information Acquisition," 2011 Meeting Papers 1221, Society for Economic Dynamics.
    3. Trabelsi, Emna, 2010. "Central bank communication: fragmentation as an engine for limiting the publicity degree of information," MPRA Paper 26647, University Library of Munich, Germany.
    4. Chakravarty, Surajeet & Choo, Lawrence & Fonseca, Miguel A. & Kaplan, Todd R., 2020. "Should regulators always be transparent? A bank run experiment," MPRA Paper 99948, University Library of Munich, Germany.
    5. Cornand, Camille & Dos Santos Ferreira, Rodolphe, 2020. "Cooperation in a differentiated duopoly when information is dispersed: A beauty contest game with endogenous concern for coordination," Mathematical Social Sciences, Elsevier, vol. 106(C), pages 101-111.
    6. George-Marios Angeletos & Karthik A. Sastry, 2018. "Managing Expectations: Instruments vs. Targets," NBER Working Papers 25404, National Bureau of Economic Research, Inc.
    7. Colombo, Luca & Femminis, Gianluca, 2014. "Optimal policy intervention, constrained obfuscation and the social value of public information," Economics Letters, Elsevier, vol. 123(2), pages 224-226.
    8. Silvia Sonderegger, 2010. "Centralized Or Decentralized Information: Which Is Better For Providing Incentives?," Economic Inquiry, Western Economic Association International, vol. 48(2), pages 290-305, April.
    9. David P. Myatt & Chris Wallace, 2008. "On the Sources and Value of Information: Public Announcements and Macroeconomic Performance," Economics Series Working Papers 411, University of Oxford, Department of Economics.
    10. Trabelsi, Emna & Hichri, Walid, 2021. "Central Bank Transparency with (semi-)public Information: Laboratory Experiments," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 90(C).
    11. Ehrmann, Michael & Fratzscher, Marcel, 2007. "Social value of public information: testing the limits to transparency," Working Paper Series 821, European Central Bank.
    12. Lukyanov, Georgy & Shamruk, Konstantin & Su, Tong & Wakrim, Ahmed, 2022. "Public communication with externalities," Games and Economic Behavior, Elsevier, vol. 136(C), pages 177-196.
    13. Muendler, Marc-Andreas, 2005. "The Action Value of Information and the Natural Transparency Limit¤," University of California at San Diego, Economics Working Paper Series qt6qb079x5, Department of Economics, UC San Diego.
    14. Huang, Xuesong & Lin, Jianhao & Zhang, Yifan, 2026. "The social value of strategic public information," Journal of Economic Dynamics and Control, Elsevier, vol. 183(C).
    15. Marek Rozkrut, 2008. "It’s not only WHAT is said, it’s also WHO the speaker is. Evaluating the effectiveness of central bank communication," NBP Working Papers 47, Narodowy Bank Polski.
    16. Zaruhi Hakobyan, 2026. "Whom Should a Platform Amplify? Truth, Engagement, and Networked Polarization," Papers 2607.10228, arXiv.org, revised Aug 2026.
    17. Candian, Giacomo, 2021. "Central bank transparency, exchange rates, and demand imbalances," Journal of Monetary Economics, Elsevier, vol. 119(C), pages 90-107.
    18. König-Kersting, Christian & Trautmann, Stefan T. & Vlahu, Razvan, 2020. "Bank instability: Interbank linkages and the role of disclosure," Bank of Finland Research Discussion Papers 14/2020, Bank of Finland.
    19. Ui, Takashi, 2014. "The social value of public information with convex costs of information acquisition," Economics Letters, Elsevier, vol. 125(2), pages 249-252.
    20. Chen, Heng & Luo, Yulei & Pei, Guangyu, 2015. "Attention Misallocation, Social Welfare and Policy Implications," MPRA Paper 63828, University Library of Munich, Germany.
    21. Jonathan G James & Phillip Lawler, 2017. "Optimal Transparency and Policy Intervention with Heterogeneous Signals and Information Stickiness," Manchester School, University of Manchester, vol. 85(5), pages 577-600, September.
    22. Veldkamp, Laura & Hellwig, Christian, 2007. "Knowing What Others Know: Coordination Motives in Information Acquisition," CEPR Discussion Papers 6506, Centre for Economic Policy Research.
    23. Isabelle SALLE & Marc-Alexandre SENEGAS & Murat YILDIZOGLU, 2013. "How Transparent About Its Inflation Target Should a Central Bank be? An Agent-Based Model Assessment," Cahiers du GREThA (2007-2019) 2013-24, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    24. Camille Cornand & Romain Baeriswyl & Bruno Ziliotto, 2019. "Observing and shaping the market: the dilemma of central banks," Post-Print hal-01644269, HAL.
    25. Galperti, Simone & Trevino, Isabel, 2020. "Coordination motives and competition for attention in information markets," Journal of Economic Theory, Elsevier, vol. 188(C).
    26. Ruiz-Porras, Antonio, 2006. "Información privilegiada, administración de riesgos y utilidades esperadas: Una aplicación de los juegos de señalización al estudio de crisis cambiarias," MPRA Paper 1441, University Library of Munich, Germany.
    27. Camille Cornand & Frank Heinemann, 2014. "Experiments on Monetary Policy and Central Banking," Research in Experimental Economics, in: Experiments in Macroeconomics, volume 17, pages 167-227, Emerald Group Publishing Limited.
    28. Antonio Jiménez-Martínez, 2011. "Coordination Incentives for Information Acquisition with a Finite Set of Players," Working Papers DTE 497, CIDE, División de Economía.
    29. Ruiz-Buforn, Alba & Camacho-Cuena, Eva & Morone, Andrea & Alfarano, Simone, 2020. "Overweighting of public information in financial markets: A lesson from the lab," MPRA Paper 98472, University Library of Munich, Germany.
    30. Zhang, Yifan & Wang, Xinyue & Zhang, Xinwen & Zhu, Dandan, 2026. "Policy uncertainty and optimal provision of public information," Economic Modelling, Elsevier, vol. 158(C).
    31. Juan J. Ospina-Tejeiro & José Vicente Romero, 2024. "Monetary policy transparency in Colombia," Borradores de Economia 1285, Banco de la Republica de Colombia.
    32. Romain Baeriswyl & Camille Cornand, 2012. "Reducing overreaction to central banks' disclosures : theory and experiment," Working Papers halshs-00657943, HAL.
    33. Yanwei Jia & Jussi Keppo & Ville Satopää, 2023. "Herding in Probabilistic Forecasts," Management Science, INFORMS, vol. 69(5), pages 2713-2732, May.
    34. van der Cruijsen, C.A.B. & Eijffinger, S.C.W., 2007. "The Economic Impact of Central Bank Transparency : A Survey," Discussion Paper 2007-06, Tilburg University, Center for Economic Research.
    35. Lars E.O. Svensson, 2005. "Social Value of Public Information: Morris and Shin (2002) Is Actually Pro Transparency, Not Con," NBER Working Papers 11537, National Bureau of Economic Research, Inc.
    36. George-Marios Angeletos & Guido Lorenzoni & Alessandro Pavan, 2007. "Wall Street and Silicon Valley: A Delicate Interaction," NBER Working Papers 13475, National Bureau of Economic Research, Inc.
    37. Alonso, Ricardo & Zachariadis, Konstantinos E., 2024. "Persuading large investors," LSE Research Online Documents on Economics 126040, London School of Economics and Political Science, LSE Library.
    38. Qi Chen & Tracy R. Lewis & Katherine Schipper & Yun Zhang, 2017. "Uniform Versus Discretionary Regimes in Reporting Information with Unverifiable Precision and a Coordination Role," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 55(1), pages 153-196, March.
    39. Giorgio Di Giorgio & Guido Traficante, 2011. "The loss from uncertainty on policy targets," Working Papers CASMEF 1104, Dipartimento di Economia e Finanza, LUISS Guido Carli.
    40. Carvalho, Fabia A. & Minella, André, 2012. "Survey forecasts in Brazil: A prismatic assessment of epidemiology, performance, and determinants," Journal of International Money and Finance, Elsevier, vol. 31(6), pages 1371-1391.
    41. Arato, Hiroki & Hori, Takeo & Nakamura, Tomoya, 2021. "Endogenous information acquisition and the partial announcement policy," Information Economics and Policy, Elsevier, vol. 55(C).
    42. Takashi Ui, 2022. "Optimal and Robust Disclosure of Public Information," Papers 2203.16809, arXiv.org, revised Apr 2022.
    43. Colombo, Luca & Femminis, Gianluca, 2008. "The social value of public information with costly information acquisition," Economics Letters, Elsevier, vol. 100(2), pages 196-199, August.
    44. Pacicco, Fausto & Vena, Luigi & Venegoni, Andrea, 2020. "Communication and financial supervision: How does disclosure affect market stability?," Journal of Empirical Finance, Elsevier, vol. 57(C), pages 1-15.
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    107. Yaroslav Rosokha & Xinxin Lyu & Denis Tverskoi & Sergey Gavrilets, 2026. "Evolution of cooperation in the indefinitely repeated collective action with a contest for power," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 81(1), pages 453-483, February.
    108. Rudolf, Katrin & Edison, Edi & Wollni, Meike, 2022. "Achieving landscape patterns for biodiversity conservation through payments for ecosystem services – Evidence from a field experiment in Indonesia," Ecological Economics, Elsevier, vol. 193(C).
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    110. Besancenot, Damien & Vranceanu, Radu, 2014. "Experimental evidence on the ‘insidious’ illiquidity risk," Research in Economics, Elsevier, vol. 68(4), pages 315-323.
    111. Erhao Xie, 2018. "Inference in Games Without Nash Equilibrium: An Application to Restaurants, Competition in Opening Hours," Staff Working Papers 18-60, Bank of Canada.
    112. John Van Huyck & Ajalavat Viriyavipart & Alexander L. Brown, 2018. "When less information is good enough: experiments with global stag hunt games," Experimental Economics, Springer;Economic Science Association, vol. 21(3), pages 527-548, September.
    113. Lora R. Todorova & Siegfried K. Berninghaus & Bodo Vogt, 2011. "A Simple Questionnaire Can Change Everything - Are Strategy Choices in Coordination Games Stable?," FEMM Working Papers 110019, Otto-von-Guericke University Magdeburg, Faculty of Economics and Management.
    114. Feltovich, Nick & Iwasaki, Atsushi & Oda, Sobei H., 2010. "Payoff levels, loss avoidance, and equilibrium selection in the Stag Hunt: an experimental study," SIRE Discussion Papers 2010-125, Scottish Institute for Research in Economics (SIRE).
    115. Timko, Krisztina, 2017. "Men and Women Are Equally Effective Leaders," MPRA Paper 77022, University Library of Munich, Germany.
    116. Berlin, Noémi & Gueye, Mamadou & Monjon, Stéphanie, 2025. "Feedback and cooperation: An Experiment in sorting behavior," Ecological Economics, Elsevier, vol. 230(C).
    117. Aidas Masiliunas, 2016. "Overcoming Coordination Failure in a Critical Mass Game: Strategic Motives and Action Disclosure," AMSE Working Papers 1609, Aix-Marseille School of Economics, France.
    118. Chen Li & Uyanga Turmunkh & Peter P. Wakker, 2019. "Trust as a decision under ambiguity," Experimental Economics, Springer;Economic Science Association, vol. 22(1), pages 51-75, March.
    119. Schouten, Jop & Cognolato, Davide & Borm, Peter & Cruijssen, Frans, 2024. "Technology Selection with Peer-Based Network Effects," Discussion Paper 2024-026, Tilburg University, Center for Economic Research.
    120. Schmidt, Robert J., 2019. "Identifying the Ranking of Focal Points in Coordination Games on the Individual Level," Working Papers 0660, University of Heidelberg, Department of Economics.
    121. Büyükboyacı, Mürüvvet, 2014. "Risk attitudes and the stag-hunt game," Economics Letters, Elsevier, vol. 124(3), pages 323-325.
    122. Maria Bigoni & Gabriele Camera & Marco Casari, 2019. "Cooperation among strangers with and without a monetary system," Working Papers 19-01, Chapman University, Economic Science Institute.
    123. Kittaka, Yuta & Mikami, Ryo & Shimada, Natsumi, 2025. "Behavioral changes in different designs of search experiments," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 118(C).
    124. Philip J. Grossman & Youngseok Park & Jean Paul Rabanal & Olga A. Rud, 2019. "Gender differences in an endogenous timing conflict game," Working Papers 141, Peruvian Economic Association.
    125. Roman M. Sheremeta & Timothy Shields, 2012. "Do Liars Believe? Beliefs and Other-Regarding Preferences in Sender-Receiver Games," Working Papers 12-05, Chapman University, Economic Science Institute.
    126. Ahrens, Steffen & Bitter, Lea & Bosch-Rosa, Ciril, 2023. "Coordination under loss contracts," Games and Economic Behavior, Elsevier, vol. 137(C), pages 270-293.
    127. Feltovich, Nick & Grossman, Philip J., 2015. "How does the effect of pre-play suggestions vary with group size? Experimental evidence from a threshold public-good game," European Economic Review, Elsevier, vol. 79(C), pages 263-280.
    128. Radu Vranceanu & Damien Besancenot & Delphine Dubart, 2014. "Can Rumors and Other Uninformative Messages Cause Illiquidity ?," Working Papers hal-00841167, HAL.
    129. Tsakas, Nikolas & Xefteris, Dimitrios, 2021. "Stress-testing the runoff rule in the laboratory," Games and Economic Behavior, Elsevier, vol. 128(C), pages 18-38.
    130. Kiss, Hubert J. & Rodriguez-Lara, Ismael & Rosa-Garcia, Alfonso, 2014. "Do women panic more than men? An experimental study of financial decisions," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 52(C), pages 40-51.
    131. Funaki, Yukihiko & Kawamura, Kohei & Ueda, Kozo & Uto, Nobuyuki, 2025. "Price stickiness and strategic uncertainty: An experimental study," Journal of Economic Dynamics and Control, Elsevier, vol. 180(C).
    132. Bayona, Anna & Peia, Oana, 2022. "Financial contagion and the wealth effect: An experimental study," Journal of Economic Behavior & Organization, Elsevier, vol. 200(C), pages 1184-1202.
    133. Charness, Gary & Gneezy, Uri & Rasocha, Vlastimil, 2021. "Experimental methods: Eliciting beliefs," Journal of Economic Behavior & Organization, Elsevier, vol. 189(C), pages 234-256.
    134. Charness, Gary & Viceisza, Angelino, 2012. "Comprehension and Risk Elicitation in the Field: Evidence from Rural Senegal," University of California at Santa Barbara, Economics Working Paper Series qt5512d150, Department of Economics, UC Santa Barbara.
    135. Soetevent, Adriaan & Hinloopen, Jeroen, 2016. "(Non-)Insurance Markets, Loss Size Manipulation and Competition," Research Report 16009-EEF, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
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  23. Ralf Elsas & Frank Heinemann & Marcel Tyrell, 2004. "Multiple but Asymmetric Bank Financing: The Case of Relationship Lending," CESifo Working Paper Series 1251, CESifo.

    Cited by:

    1. Ongena, Steven & Tümer-Alkan, Günseli & von Westernhagen, Natalja, 2007. "Creditor concentration: an empirical investigation," Discussion Paper Series 2: Banking and Financial Studies 2007,15, Deutsche Bundesbank.
    2. Huang, Jiayi & Matthews, Kent & Zhou, Peng, 2019. "What Causes Chinese Listed Firms To Switch Bank Loan Provider? Evidence From A Survival Analysis," Cardiff Economics Working Papers E2019/14, Cardiff University, Cardiff Business School, Economics Section.
    3. Allen N. Berger & William Goulding & Tara N. Rice, 2013. "Do Small Businesses Still Prefer Community Banks?," International Finance Discussion Papers 1096, Board of Governors of the Federal Reserve System (U.S.).
    4. Hope Osayantin Aifuwa & Musa Saidu & Osaruese Cynthia Enehizena & Albert Osazevbaru, 2019. "Accounting Information And Lending Decision: Does Sustainability Disclosure Matter?," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 8(4), pages 61-89.
    5. Ciara Whelan & Patrick P. Walsh & Franco Mariuzzo, 2004. "EU merger control in differentiated product industries," Open Access publications 10197/138, School of Economics, University College Dublin.
    6. Doris Neuberger, 2005. "What’s Common to Relationship Banking and Relationship Investing? Reflections within the Contractual Theory of the Firm," Finance 0510001, University Library of Munich, Germany.
    7. Luigi Guiso & Raoul Minetti, 2010. "The Structure of Multiple Credit Relationships: Evidence from U.S. Firms," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(6), pages 1037-1071, September.
    8. Doris Neuberger, 2005. "What’s Common to Relationship Banking and Relationship Investing? Reflections within the Contractual Theory of the Firm," Finance 0503001, University Library of Munich, Germany.
    9. Doris Neuberger, 2009. "Finanzierungs- und Governance-Strukturen im Wandel: Arbeitsteilung zwischen Banken und Private Equity Fonds," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 78(1), pages 143-155.
    10. Christophe J. GODLEWSKI & Ydriss Ziane, 2008. "How many banks does it take to lend? Empirical evidence from Europe," Working Papers of LaRGE Research Center 2008-11, Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg.
    11. Konstantin Kosenko & Noam Michelson, 2018. "It Takes More than Two to Tango: Understanding the Dynamics behind Multiple Bank Lending and its Implications," Bank of Israel Working Papers 2018.11, Bank of Israel.
    12. Bannier, Christina E., 2007. "Heterogeneous multiple bank financing: does it reduce inefficient credit-renegotation incidences?," Frankfurt School - Working Paper Series 83, Frankfurt School of Finance and Management.
    13. Neuberger, Doris & Räthke, Solvig, 2006. "Microenterprises and multiple bank relationships: Evidence from a survey among professionals," Thuenen-Series of Applied Economic Theory 61, University of Rostock, Institute of Economics.
    14. Sylvanus Gaku & Jennifer Ifft & Brady Brewer & Luke Byers, 2026. "The Financial Status and Local Credit Market Conditions of U.S. Farms Engaged in Multiple Borrowing," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 48(1), pages 266-277, March.
    15. Francis, Bill B. & Hasan, Iftekhar & Jiang, Chunxia & Sharma, Zenu & Zhu, Yun, 2025. "Climate risks and debt structure," The British Accounting Review, Elsevier, vol. 57(5).
    16. Degryse, H.A. & Ongena, S., 2006. "The Impact of Competition on Bank Orientation," Other publications TiSEM 3225d4f4-ff7a-4de3-bb8f-8, Tilburg University, School of Economics and Management.
    17. Masayo Shikimi, 2013. "Do firms benefit from multiple banking relationships? Evidence from small and medium- sized firms in Japan," International Economics and Economic Policy, Springer, vol. 10(1), pages 127-157, March.
    18. Cenni, Stefano & Monferrà, Stefano & Salotti, Valentina & Sangiorgi, Marco & Torluccio, Giuseppe, 2015. "Credit rationing and relationship lending. Does firm size matter?," Journal of Banking & Finance, Elsevier, vol. 53(C), pages 249-265.
    19. Giannetti, Caterina, 2012. "Relationship lending and firm innovativeness," Journal of Empirical Finance, Elsevier, vol. 19(5), pages 762-781.
    20. Eric Tassel, 2022. "Relationship Lending and Liquidation Under Imperfect Information," Journal of Financial Services Research, Springer;Western Finance Association, vol. 61(1), pages 151-165, February.
    21. Amanda Carmignani & Massimo Omiccioli, 2007. "Costs and benefits of creditor concentration: An empirical approach," Temi di discussione (Economic working papers) 645, Bank of Italy, Economic Research and International Relations Area.
    22. Annamaria Nifo & Sabrina Ruberto & Gaetano Vecchione, 2018. "Does institutional quality matter for lending relationships?," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 8(2), pages 1-4.
    23. Guglielmo Barone & Roberto Felici & Marcello Pagnini, 2010. "Switching costs in local credit markets," Temi di discussione (Economic working papers) 760, Bank of Italy, Economic Research and International Relations Area.
    24. Koetter, Michael & Nestmann, Thorsten & Stolz, Stéphanie & Wedow, Michael, 2004. "Structures and Trends in German Banking," Kiel Working Papers 1225, Kiel Institute for the World Economy.
    25. Tumer-Alkan, G., 2008. "Essays on banking," Other publications TiSEM 8d5ec521-4702-4e75-bc79-a, Tilburg University, School of Economics and Management.
    26. Nifo, Annamaria & Ruberto, Sabrina & Vecchione, Gaetano, 2016. "Does institutional quality matter for lending relationships? Evidence from Italy," MPRA Paper 75279, University Library of Munich, Germany.
    27. Doris Neuberger & Solvig Räthke, 2009. "Microenterprises and multiple bank relationships: The case of professionals," Small Business Economics, Springer, vol. 32(2), pages 207-229, February.
    28. Berger, Allen N. & Goulding, William & Rice, Tara, 2014. "Do small businesses still prefer community banks?," Journal of Banking & Finance, Elsevier, vol. 44(C), pages 264-278.
    29. Kosenko, Konstantin & Michelson, Noam, 2022. "It takes more than two to tango: Multiple bank lending, asset commonality and risk," Journal of Financial Stability, Elsevier, vol. 61(C).
    30. Petya Platikanova & Kazbi Soonawalla, 2020. "Who monitors opaque borrowers? Debt specialisation, institutional ownership, and information opacity," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 60(2), pages 1867-1904, June.
    31. Eirik Gaard Kristiansen, 2005. "Strategic bank monitoring and firms’ debt structure," Working Paper 2005/10, Norges Bank.
    32. Wenying Jiangli & Haluk Unal & Chiwon Yom, 2008. "Relationship Lending, Accounting Disclosure, and Credit Availability during the Asian Financial Crisis," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 40(1), pages 25-55, February.
    33. Berger, Allen N. & Klapper, Leora F. & Martinez Peria, Maria Soledad & Zaidi, Rida, 2008. "Bank ownership type and banking relationships," Journal of Financial Intermediation, Elsevier, vol. 17(1), pages 37-62, January.
    34. Doris Neuberger, 2005. "What’s Common to Relationship Banking and Relationship Investing? Reflections within the Contractual Theory of the Firm," Finance 0510003, University Library of Munich, Germany.
    35. Doris Neuberger & Maurice Pedergnana & Solvig Räthke-Döppner, 2008. "Concentration of Banking Relationships in Switzerland: The Result of Firm Structure or Banking Market Structure?," Journal of Financial Services Research, Springer;Western Finance Association, vol. 33(2), pages 101-126, April.

  24. Heinemann, Frank & Nagel, Rosemarie & Ockenfels, Peter, 2002. "Speculative attacks and financial architecture: experimental analysis of coordination games with public and private information," LSE Research Online Documents on Economics 24935, London School of Economics and Political Science, LSE Library.

    Cited by:

    1. Bannier, Christina E., 2003. "Privacy or Publicity - Who Drives the Wheel?," CFS Working Paper Series 2003/29, Center for Financial Studies (CFS).
    2. Christina E. Bannier, 2003. "Privacy or Publicity - Who Drives the Wheel?," Game Theory and Information 0309006, University Library of Munich, Germany.
    3. Sanjay Banerjee & Michael Maier, 2016. "Public Information Precision and Coordination Failure: An Experiment," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 54(4), pages 941-986, September.
    4. Sanchez Villalba, Miguel, 2017. "Global Inspection Games (GIG) in the laboratory," MPRA Paper 80715, University Library of Munich, Germany.
    5. Gerlinde Fellner & Werner Güth & Boris Maciejovsky, 2001. "Illusion of Expertise in Portfolio Decisions - An Experimental Approach -," Papers on Strategic Interaction 2001-02, Max Planck Institute of Economics, Strategic Interaction Group.
    6. Camille Cornand, 2004. "Speculative Attack and Informational Structure: An Experimental Study," Post-Print halshs-00180118, HAL.
    7. Christian Hellwig, 2002. "Imperfect Common Knowledge of Preferences in Global Coordination Games (October 2002)," UCLA Economics Online Papers 211, UCLA Department of Economics.

  25. Heinemann, Frank & Illing, Gerhard, 2002. "Speculative Attacks," Munich Reprints in Economics 13070, University of Munich, Department of Economics.

    Cited by:

    1. Oh, Frederick Dongchuhl, 2013. "Contagion of a liquidity crisis between two firms," Journal of Financial Economics, Elsevier, vol. 107(2), pages 386-400.

  26. Heinemann, Frank & Illing, Gerhard, 2002. "Speculative attacks: Unique equilibrium and transparency," Munich Reprints in Economics 19430, University of Munich, Department of Economics.

    Cited by:

    1. Manuela Goretti, 2005. "The Brazilian Currency Turmoil of 2002: A Nonlinear Analysis," International Finance 0506001, University Library of Munich, Germany.
    2. Selvaretnam, Geethanjali, 2006. "How Noisy should a Noisy Signal be: A Model of Bank Runs," Economics Discussion Papers 8898, University of Essex, Department of Economics.
    3. Meixing Dai, 2009. "Public debt and currency crisis: how central bank opacity can make things bad?," Economics Bulletin, AccessEcon, vol. 29(1), pages 190-198.
    4. Stephen Morris & Hyun Song Shin, 2000. "Global Games: Theory and Applications," Cowles Foundation Discussion Papers 1275R, Cowles Foundation for Research in Economics, Yale University, revised Aug 2001.
    5. Bannier, Christina E., 2003. "Privacy or Publicity - Who Drives the Wheel?," CFS Working Paper Series 2003/29, Center for Financial Studies (CFS).
    6. Florian Englmaier & Markus Reisinger, 2006. "Information, Coordination, and the Industrialization of Countries," CESifo Working Paper Series 1670, CESifo.
    7. Yin-Wong Cheung & Daniel Friedman, 2008. "Speculative Attacks: A Laboratory Study in Continuous Time," CESifo Working Paper Series 2420, CESifo.
    8. Fritzi Koehler-Geib, 2006. "Uncertainty about the fundamentals and the occurrence of sudden stops of capital flows: Theory and Empirics," Working Papers 018, Bavarian Graduate Program in Economics (BGPE).
    9. Junichi Fujimoto, 2011. "Speculative Attacks with Multiple Targets," CARF F-Series CARF-F-267, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    10. Camille Cornand & Frank Heinemann, 2004. "Optimal Degree of Public Information Dissemination," CESifo Working Paper Series 1353, CESifo.
    11. König-Kersting, Christian & Trautmann, Stefan T. & Vlahu, Razvan, 2020. "Bank instability: Interbank linkages and the role of disclosure," Bank of Finland Research Discussion Papers 14/2020, Bank of Finland.
    12. Toni Ahnert & Benjamin Nelson, 2016. "Opaque Assets and Rollover Risk," Staff Working Papers 16-17, Bank of Canada.
    13. Broll, Udo & Eckwert, Bernhard, 2011. "Information value, export and hedging," Dresden Discussion Paper Series in Economics 03/11, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics.
    14. Cornand, Camille & Heinemann, Frank, 2006. "Speculative attacks with multiple sources of public information," LSE Research Online Documents on Economics 24522, London School of Economics and Political Science, LSE Library.
    15. Valipour Pasha, Mohammad & Ahmadian, Azam, 2019. "Electronic Banking Capacities and Transparency in the Iranian Banking Network," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 14(3), pages 367-388, July.
    16. Chanelle Duley & Prasanna Gai, 2020. "When the penny doesn't drop - Macroeconomic tail risk and currency crises," National Institute of Economic and Social Research (NIESR) Discussion Papers 520, National Institute of Economic and Social Research.
    17. Péter Kondor, 2009. "The more we know, the less we agree: Higher-order expectations and public announcements," 2009 Meeting Papers 1018, Society for Economic Dynamics.
    18. Hennessy, David A., 2007. "Coordinating to Eradicate Animal Disease, and the Role of Insurance Markets," Hebrew University of Jerusalem Archive 7702, Hebrew University of Jerusalem.
    19. Antonio Cabrales & Rosemarie Nagel & Roc Armenter, 2007. "Equilibrium selection through incomplete information in coordination games: an experimental study," Experimental Economics, Springer;Economic Science Association, vol. 10(3), pages 221-234, September.
    20. Koehler-Geib, Friederike Norma, 2008. "The Effect of Uncertainty on the Occurrence and Spread of Financial Crises," Munich Dissertations in Economics 8067, University of Munich, Department of Economics.
    21. Piersanti, Giovanni, 2012. "The Macroeconomic Theory of Exchange Rate Crises," OUP Catalogue, Oxford University Press, number 9780199653126.
    22. Camille Cornand & Frank Heinemann, 2014. "Experiments on Monetary Policy and Central Banking," Research in Experimental Economics, in: Experiments in Macroeconomics, volume 17, pages 167-227, Emerald Group Publishing Limited.
    23. Michalski, Tomasz & Stoltz, Gilles, 2010. "Do countries falsify economic date strategically? Some evidence that they do," HEC Research Papers Series 930, HEC Paris.
    24. Broll, Udo & Eckwert, Bernhard, 2009. "Modelling information and hedging: the exporting firm," Dresden Discussion Paper Series in Economics 02/09, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics.
    25. Romain Baeriswyl & Camille Cornand, 2012. "Reducing overreaction to central banks' disclosures : theory and experiment," Working Papers halshs-00657943, HAL.
    26. Christina E. Bannier, 2003. "Privacy or Publicity - Who Drives the Wheel?," Game Theory and Information 0309006, University Library of Munich, Germany.
    27. Toni Ahnert & Christoph Bertsch, 2022. "A Wake-Up Call Theory of Contagion [Asymmetric business cycles: theory and time-series evidence]," Review of Finance, European Finance Association, vol. 26(4), pages 829-854.
    28. Morris, Stephen & Shin, Hyun Song, 2004. "Coordination risk and the price of debt," European Economic Review, Elsevier, vol. 48(1), pages 133-153, February.
    29. Femminis, Gianluca, 2002. "Currency Attacks with Multiple Equilibria and Imperfect Information: The Role of Wage-setters," CEPR Discussion Papers 3291, Centre for Economic Policy Research.
    30. Todd Keister, 2006. "Expectations and Contagion in Self-fulfilling Currency Attacks," 2006 Meeting Papers 485, Society for Economic Dynamics.
    31. König, Philipp & Anand, Kartik & Heinemann, Frank, 2013. "The ‘Celtic Crisis’: Guarantees, transparency, and systemic liquidity risk," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79747, Verein für Socialpolitik / German Economic Association.
    32. Tomasz Michalski & Gilles Stoltz, 2013. "Do countries falsify economic data strategically? Some evidence that they might," Post-Print halshs-00482106, HAL.
    33. Diego Moreno & Tuomas Takalo, 2016. "Optimal Bank Transparency," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 48(1), pages 203-231, February.
    34. Heinemann, Frank & Moradi, Homayoon, 2018. "Sunspots in Global Games: Theory and Experiment," Rationality and Competition Discussion Paper Series 135, CRC TRR 190 Rationality and Competition.
    35. Trabelsi, Emna, 2010. "Does asymmetric information play a role in explaining the Asian currency crisis? Application to Indonesian and Malaysian cases using a two-state Markov Switching model," MPRA Paper 26785, University Library of Munich, Germany.
    36. Camille Cornand & Frank Heinemann, 2015. "Macro-expérimentation autour des fonctions des banques centrales," Post-Print halshs-01232455, HAL.
    37. Leblang, David & Satyanath, Shanker, 2008. "Politically generated uncertainty and currency crises: Theory, tests, and forecasts," Journal of International Money and Finance, Elsevier, vol. 27(3), pages 480-497, April.
    38. Arato Hiroki & Nakamura Tomoya, 2011. "The Benefit of Mixing Private Noise into Public Information in Beauty Contest Games," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 11(1), pages 1-17, March.
    39. Helland, Leif & Iachan, Felipe S. & Juelsrud, Ragnar E. & Nenov, Plamen T., 2021. "Information quality and regime change: Evidence from the lab," Journal of Economic Behavior & Organization, Elsevier, vol. 191(C), pages 538-554.
    40. Lioudmila Savtchenko, 2010. "Foreign devaluation as a coordinating device of heterogeneous investors: A game‐theoretic analysis of financial contagion," International Journal of Economic Theory, The International Society for Economic Theory, vol. 6(2), pages 195-204, June.
    41. Gerhard Illing, 2004. "Geldpolitik in den USA - die Fed in der Zinsfalle?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 57(06), pages 31-37, March.
    42. Ahnert, Toni & Martinez-Miera, David, 2021. "Bank Runs, Bank Competition and Opacity," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242348, Verein für Socialpolitik / German Economic Association.
    43. Nikitin, Maxim & Smith, R. Todd, 2008. "Information acquisition, coordination, and fundamentals in a financial crisis," Journal of Banking & Finance, Elsevier, vol. 32(6), pages 907-914, June.
    44. Iachan, Felipe S. & Nenov, Plamen T., 2015. "Information quality and crises in regime-change games," Journal of Economic Theory, Elsevier, vol. 158(PB), pages 739-768.
    45. Giuseppe Cappelletti & Lucia Esposito, 2013. "Central bank and government in a speculative attack model," Temi di discussione (Economic working papers) 934, Bank of Italy, Economic Research and International Relations Area.
    46. Kasahara, Tetsuya, 2009. "Coordination failure among multiple lenders and the role and effects of public policy," Journal of Financial Stability, Elsevier, vol. 5(2), pages 183-198, June.
    47. König, Philipp & Anand, Kartik & Heinemann, Frank, 2014. "Guarantees, transparency and the interdependency between sovereign and bank default risk," Journal of Banking & Finance, Elsevier, vol. 45(C), pages 321-337.
    48. Christina Bannier, 2003. "The Role of Information Disparity in the 1994/95 Mexican Peso," International Finance 0310001, University Library of Munich, Germany.
    49. Vives, Xavier & Rochet, Jean Charles, 2002. "Coordination Failures and the Lender of Last Resort: Was Bagehot Right After All?," CEPR Discussion Papers 3233, Centre for Economic Policy Research.
    50. Prati, Alessandro & Sbracia, Massimo, 2010. "Uncertainty and Currency Crises: Evidence from Survey Data," MPRA Paper 21209, University Library of Munich, Germany.
    51. Jean-Pierre Allegret & Camille Cornand, 2005. "The Pros and Cons of Higher Transparency: The Case of Speculative Attacks," Working Papers 0502, Groupe d'Analyse et de Théorie Economique Lyon St-Etienne (GATE Lyon St-Etienne), Université de Lyon.
    52. Giancarlo Marini & Giovanni Piersanti, 2012. "Models of Speculative Attacks and Crashes in International Capital Markets," CEIS Research Paper 245, Tor Vergata University, CEIS, revised 24 Jul 2012.
    53. Szkup, Michal & Trevino, Isabel, 2015. "Information acquisition in global games of regime change," Journal of Economic Theory, Elsevier, vol. 160(C), pages 387-428.
    54. Nam Kyu Kim, 2018. "Transparency and currency crises," Economics and Politics, Wiley Blackwell, vol. 30(3), pages 394-422, November.
    55. Daniëls, Tijmen R. & Jager, Henk & Klaassen, Franc, 2011. "Currency crises with the threat of an interest rate defence," Journal of International Economics, Elsevier, vol. 85(1), pages 14-24, September.
    56. Udo Broll & Bernhard Eckwert & Kit Pong Wong, 2014. "Transparency and Risk Sharing in International Trade," Manchester School, University of Manchester, vol. 82(6), pages 716-731, December.
    57. Baeriswyl, Romain, 2007. "Central Bank's Action and Communication," Discussion Papers in Economics 1381, University of Munich, Department of Economics.
    58. Christina E. Bannier, 2003. "Private and Public Information in Self-Fulfilling Currency Crises," International Finance 0309006, University Library of Munich, Germany.
    59. Hanjoon M. Jung & Meng‐Yu Liang & C.C. Yang, 2022. "How much should we fund the IRS?," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 24(1), pages 120-139, February.
    60. Camille Cornand, 2006. "Speculative Attack and Informational Structure: an Experimental Study," Post-Print halshs-00360088, HAL.
    61. Hiroki Arato & Tomoya Nakamura, 2013. "Endogenous Alleviation of Overreaction Problem by Aggregate Information Announcement," The Japanese Economic Review, Japanese Economic Association, vol. 64(3), pages 319-336, September.
    62. Szkup, Michal, 2020. "Multiplier effect and comparative statics in global games of regime change," Theoretical Economics, Econometric Society, vol. 15(2), May.
    63. Leila Ali, 2012. "Flexibility: Stability's Best Friend in Non-transparent Countries?," International Economic Journal, Taylor & Francis Journals, vol. 26(2), pages 247-264, December.
    64. Broll, Udo & Eckwert, Bernhard, 2007. "The Competitive Firm Under Price Uncertainty: The Role of Information and Hedging," Dresden Discussion Paper Series in Economics 12/07, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics.
    65. Leblang, David & Satyanath, Shanker, 2006. "Institutions, Expectations, and Currency Crises," International Organization, Cambridge University Press, vol. 60(1), pages 245-262, January.
    66. Massimo Sbracia & Andrea Zaghini, 2000. "Expectations and Information in Second Generation Currency Crises Models," Econometric Society World Congress 2000 Contributed Papers 0462, Econometric Society.
    67. Cukierman, Alex & Spiegel, Yossi & Goldstein, Itay, 2003. "The Choice of Exchange Rate Regime and Speculative Attacks," CEPR Discussion Papers 3714, Centre for Economic Policy Research.
    68. Manz, Michael, 2010. "Information-based contagion and the implications for financial fragility," European Economic Review, Elsevier, vol. 54(7), pages 900-910, October.
    69. Frank Heinemann, 2000. "Unique Equilibrium in a Model of Self-Fulfilling Currency Attacks: Comment," American Economic Review, American Economic Association, vol. 90(1), pages 316-318, March.
    70. Jalali-Naini, Ahmad-Reza & Naderian, Mohammad-Amin, 2014. "Social Value of Information and Optimal Communication Policy of Central Banks," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 9(3), pages 31-57, April.
    71. Broll, Udo & Eckwert, Bernhard & Wong, Kit Pong, 2010. "International trade and the role of market transparency," Dresden Discussion Paper Series in Economics 08/10, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics.
    72. Szkup, Michal & Trevino, Isabel, 2020. "Sentiments, strategic uncertainty, and information structures in coordination games," Games and Economic Behavior, Elsevier, vol. 124(C), pages 534-553.
    73. Bernardo Guimaraes & Stephen Morris, 2003. "Risk and Wealth in a Model of Self-fulfilling Currency Crises," Cowles Foundation Discussion Papers 1433, Cowles Foundation for Research in Economics, Yale University.
    74. Chanelle Duley & Prasanna Gai, 2023. "Macroeconomic tail risk, currency crises and the inter‐war gold standard," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 56(4), pages 1551-1582, November.
    75. Elisa Baraibar‐Diez & María D. Odriozola & José Luis Fernández Sánchez, 2017. "A Survey of Transparency: An Intrinsic Aspect of Business Strategy," Business Strategy and the Environment, Wiley Blackwell, vol. 26(4), pages 480-489, May.
    76. Kasahara, Tetsuya, 2013. "Investment complementarities, coordination failure, and the role and effects of public investment policy," Discussion Paper Series 589, Institute of Economic Research, Hitotsubashi University.

Articles

  1. Heinemann, Frank, 2024. "An experimental test of the global-game selection in coordination games with asymmetric players," Journal of Economic Behavior & Organization, Elsevier, vol. 218(C), pages 632-656.
    See citations under working paper version above.
  2. Lisa Bruttel & Muhammed Bulutay & Camille Cornand & Frank Heinemann & Adam Zylbersztejn, 2023. "Measuring strategic-uncertainty attitudes," Experimental Economics, Springer;Economic Science Association, vol. 26(3), pages 522-549, July.
    See citations under working paper version above.
  3. Cornand, Camille & Heinemann, Frank, 2022. "Monetary policy obeying the Taylor principle turns prices into strategic substitutes," Journal of Economic Behavior & Organization, Elsevier, vol. 200(C), pages 1357-1371.
    See citations under working paper version above.
  4. Duffy, John & Heinemann, Frank, 2021. "Central bank reputation, cheap talk and transparency as substitutes for commitment: Experimental evidence," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 887-903.
    See citations under working paper version above.
  5. Fehr, Dietmar & Heinemann, Frank & Llorente-Saguer, Aniol, 2019. "The power of sunspots: An experimental analysis," Journal of Monetary Economics, Elsevier, vol. 103(C), pages 123-136.
    See citations under working paper version above.
  6. Camille Cornand & Frank Heinemann, 2015. "Limited higher order beliefs and the welfare effects of public information," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 42(6), pages 1005-1028, November.
    See citations under working paper version above.
  7. Frank Heinemann & Charles Noussair, 2015. "Macroeconomic experiments," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 42(6), pages 930-942, November.

    Cited by:

    1. Marcus Giamattei, 2022. "Can Cold Turkey Reduce Inflation Inertia? Evidence on Disinflation and Level‐k Thinking from a Laboratory Experiment," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(8), pages 2477-2517, December.

  8. König, Philipp & Anand, Kartik & Heinemann, Frank, 2014. "Guarantees, transparency and the interdependency between sovereign and bank default risk," Journal of Banking & Finance, Elsevier, vol. 45(C), pages 321-337.

    Cited by:

    1. Kalimipalli, Madhu & Morohunfolu, Olaleye & Ramachandran, Shankar, 2024. "Do repeated government infusions help financial stability? Evidence from an emerging market," Journal of Financial Stability, Elsevier, vol. 75(C).
    2. Oleg Deev & Martin Hodula, 2016. "Sovereign default risk and state-owned bank fragility in emerging markets: evidence from China and Russia," Post-Communist Economies, Taylor & Francis Journals, vol. 28(2), pages 232-248, April.
    3. Ahnert, Toni & Anand, Kartik & Gai, Prasanna & Chapman, James, 2016. "Asset Encumbrance, Bank Funding, and Financial Fragility," VfS Annual Conference 2016 (Augsburg): Demographic Change 145782, Verein für Socialpolitik / German Economic Association.
    4. Anand, Kartik & König, Philipp Johann, 2026. "Multiple equilibria? Don't panic! - A hitchhiker's guide to global games," Discussion Papers 05/2026, Deutsche Bundesbank.
    5. Camille Cornand & Frank Heinemann, 2019. "Experiments in macroeconomics: methods and applications," Post-Print halshs-01809937, HAL.
    6. Ahnert, Toni & Anand, Kartik & Gai, Prasanna & Chapman, James, 2018. "Asset encumbrance, bank funding and fragility," LSE Research Online Documents on Economics 118919, London School of Economics and Political Science, LSE Library.
    7. Leonello, Agnese, 2017. "Government guarantees and the two-way feedback between banking and sovereign debt crises," Working Paper Series 2067, European Central Bank.
    8. Buch, Claudia M. & Koetter, Michael & Ohls, Jana, 2016. "Banks and sovereign risk: A granular view," Journal of Financial Stability, Elsevier, vol. 25(C), pages 1-15.
    9. Corbet, Shaen & Cumming, Douglas J. & Hou, Yang (Greg) & Hu, Yang & Oxley, Les, 2022. "Have crisis-induced banking supports influenced European bank performance, resilience and price discovery?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 78(C).
    10. Manish K. Singh & Marta Gómez-Puig & Simón Sosvilla-Rivero, 2019. "“Increasing contingent guarantees: The asymmetrical effect on sovereign risk of different government interventions"," IREA Working Papers 201914, University of Barcelona, Research Institute of Applied Economics, revised Sep 2019.
    11. Izumi, Ryuichiro, 2020. "Financial stability with sovereign debt," Journal of Financial Stability, Elsevier, vol. 51(C).
    12. Occhino, Filippo, 2017. "The 2012 eurozone crisis and the ECB’s OMT program: A debt-overhang banking and sovereign crisis interpretation," European Economic Review, Elsevier, vol. 100(C), pages 337-363.
    13. de Haan, Jakob & Fang, Yi & Jing, Zhongbo, 2020. "Does the risk on banks’ balance sheets predict banking crises? New evidence for developing countries," International Review of Economics & Finance, Elsevier, vol. 68(C), pages 254-268.
    14. Lidija Lovreta & Joaquín López Pascual, 2020. "Structural breaks in the interaction between bank and sovereign default risk," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 11(4), pages 531-559, December.

  9. Camille Cornand & Frank Heinemann, 2014. "Measuring agents’ reaction to private and public information in games with strategic complementarities," Experimental Economics, Springer;Economic Science Association, vol. 17(1), pages 61-77, March.
    See citations under working paper version above.
  10. Basteck, Christian & Daniëls, Tijmen R. & Heinemann, Frank, 2013. "Characterising equilibrium selection in global games with strategic complementarities," Journal of Economic Theory, Elsevier, vol. 148(6), pages 2620-2637.
    See citations under working paper version above.
  11. Daniëls, Tijmen R. & Dönges, Jutta & Heinemann, Frank, 2013. "Crossing network versus dealer market: Unique equilibrium in the allocation of order flow," European Economic Review, Elsevier, vol. 62(C), pages 41-57.
    See citations under working paper version above.
  12. Frank Heinemann, 2012. "Understanding Financial Crises: The Contribution of Experimental Economics," Annals of Economics and Statistics, GENES, issue 107-108, pages 7-29.

    Cited by:

    1. Nobuyuki Hanaki & Nicolas Jacquemet & Stéphane Luchini & Adam Zylbersztejn, 2014. "Cognitive ability and the effect of strategic uncertainty," PSE Working Papers halshs-01095897, HAL.
    2. Bosch-Rosa, Ciril, 2018. "That's how we roll: An experiment on rollover risk," Journal of Economic Behavior & Organization, Elsevier, vol. 145(C), pages 495-510.
    3. Lisa Bruttel & Muhammed Bulutay & Camille Cornand & Frank Heinemann & Adam Zylbersztejn, 2022. "Measuring strategic-uncertainty attitudes," CEPA Discussion Papers 54, Center for Economic Policy Analysis.
    4. Juergen Huber & Martin Shubik & Shyam Sunder, 2009. "Default Penalty as a Selection Mechanism among Multiple Equilibria," Cowles Foundation Discussion Papers 1730R2, Cowles Foundation for Research in Economics, Yale University, revised Oct 2014.

  13. Frank Heinemann & Rosemarie Nagel & Peter Ockenfels, 2009. "Measuring Strategic Uncertainty in Coordination Games," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 76(1), pages 181-221.
    See citations under working paper version above.
  14. Camille Cornand & Frank Heinemann, 2009. "Speculative Attacks with Multiple Sources of Public Information," Scandinavian Journal of Economics, Wiley Blackwell, vol. 111(1), pages 73-102, March.
    See citations under working paper version above.
  15. Camille Cornand & Frank Heinemann, 2008. "Optimal Degree of Public Information Dissemination," Economic Journal, Royal Economic Society, vol. 118(528), pages 718-742, April.
    See citations under working paper version above.
  16. Christina E. Bannier & Frank Heinemann, 2005. "Optimal Transparency and Risk-Taking to Avoid Currency Crises," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 161(3), pages 374-391, September.

    Cited by:

    1. Camille Cornand & Frank Heinemann, 2004. "Optimal Degree of Public Information Dissemination," CESifo Working Paper Series 1353, CESifo.
    2. Anand, Kartik & König, Philipp Johann, 2026. "Multiple equilibria? Don't panic! - A hitchhiker's guide to global games," Discussion Papers 05/2026, Deutsche Bundesbank.
    3. Cheung, Yin-Wong & Friedman, Daniel, 2009. "Speculative attacks: A laboratory study in continuous time," Journal of International Money and Finance, Elsevier, vol. 28(6), pages 1064-1082, October.
    4. Cornand, Camille & Heinemann, Frank, 2006. "Speculative attacks with multiple sources of public information," LSE Research Online Documents on Economics 24522, London School of Economics and Political Science, LSE Library.
    5. Valipour Pasha, Mohammad & Ahmadian, Azam, 2019. "Electronic Banking Capacities and Transparency in the Iranian Banking Network," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 14(3), pages 367-388, July.
    6. Toni Ahnert & Christoph Bertsch, 2022. "A Wake-Up Call Theory of Contagion [Asymmetric business cycles: theory and time-series evidence]," Review of Finance, European Finance Association, vol. 26(4), pages 829-854.
    7. König, Philipp & Anand, Kartik & Heinemann, Frank, 2013. "The ‘Celtic Crisis’: Guarantees, transparency, and systemic liquidity risk," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79747, Verein für Socialpolitik / German Economic Association.
    8. Rochon, Celine, 2006. "Devaluation without common knowledge," Journal of International Economics, Elsevier, vol. 70(2), pages 470-489, December.
    9. Iachan, Felipe S. & Nenov, Plamen T., 2015. "Information quality and crises in regime-change games," Journal of Economic Theory, Elsevier, vol. 158(PB), pages 739-768.
    10. Kasahara, Tetsuya, 2009. "Coordination failure among multiple lenders and the role and effects of public policy," Journal of Financial Stability, Elsevier, vol. 5(2), pages 183-198, June.
    11. König, Philipp & Anand, Kartik & Heinemann, Frank, 2014. "Guarantees, transparency and the interdependency between sovereign and bank default risk," Journal of Banking & Finance, Elsevier, vol. 45(C), pages 321-337.
    12. Szkup, Michal & Trevino, Isabel, 2015. "Information acquisition in global games of regime change," Journal of Economic Theory, Elsevier, vol. 160(C), pages 387-428.
    13. Szkup, Michal, 2017. "Multiplier effect and comparative statics in global games of regime change," MPRA Paper 82729, University Library of Munich, Germany.
    14. Toni Ahnert & David Martinez-Miera, 2021. "Bank Runs, Bank Competition and Opacity," Staff Working Papers 21-30, Bank of Canada.
    15. Ahnert, Toni & Bertsch, Christoph, 2013. "A wake-up call: information contagion and strategic uncertainty," Working Paper Series 282, Sveriges Riksbank (Central Bank of Sweden), revised 01 Mar 2014.
    16. Kim, Yeonghyeon & Lee, Junyong & Lee, Kyounghun & Oh, Frederick Dongchuhl, 2024. "Corporate disclosure behavior during financial crises: Evidence from Korea," Journal of Financial Stability, Elsevier, vol. 73(C).
    17. Szkup, Michal & Trevino, Isabel, 2020. "Sentiments, strategic uncertainty, and information structures in coordination games," Games and Economic Behavior, Elsevier, vol. 124(C), pages 534-553.

  17. Frank Heinemann & Rosemarie Nagel & Peter Ockenfels, 2004. "The Theory of Global Games on Test: Experimental Analysis of Coordination Games with Public and Private Information," Econometrica, Econometric Society, vol. 72(5), pages 1583-1599, September.

    Cited by:

    1. Giovanna Devetag & Andreas Ortmann, 2006. "When and Why? A Critical Survey on Coordination Failure in the Laboratory," CERGE-EI Working Papers wp302, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    2. Frank Heinemann & Rosemarie Nagel & Peter Ockenfels, 2004. "Measuring strategic uncertainty in coordination games," Economics Working Papers 804, Department of Economics and Business, Universitat Pompeu Fabra.
    3. Rosenkranz, Stephanie & Weitzel, Utz, 2012. "Network structure and strategic investments: An experimental analysis," Games and Economic Behavior, Elsevier, vol. 75(2), pages 898-920.
    4. Christian Bauer & Philip Ernstberger, 2014. "The Dynamics of Currency Crises---Results from Intertemporal Optimization and Viscosity Solutions," Research Papers in Economics 2014-06, University of Trier, Department of Economics.
    5. Nax, Heinrich Harald & Newton, Jonathan, 2022. "Deep and shallow thinking in the long run," Theoretical Economics, Econometric Society, vol. 17(4), November.
    6. Chakravarty, Surajeet & Choo, Lawrence & Fonseca, Miguel A. & Kaplan, Todd R., 2020. "Should regulators always be transparent? A bank run experiment," MPRA Paper 99948, University Library of Munich, Germany.
    7. Aviad Heifetz & Willemien Kets, 2013. "Robust Multiplicity with a Grain of Naiveté," Discussion Papers 1573, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    8. Yin-Wong Cheung & Daniel Friedman, 2008. "Speculative Attacks: A Laboratory Study in Continuous Time," CESifo Working Paper Series 2420, CESifo.
    9. Hong Qu, 2013. "How Do Market Prices and Cheap Talk Affect Coordination?," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 51(5), pages 1221-1260, December.
    10. Shurchkov, Olga, 2016. "Public announcements and coordination in dynamic global games: Experimental evidence," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 61(C), pages 20-30.
    11. Piotr Evdokimov & Umberto Garfagnini, 2022. "Higher-order learning," Experimental Economics, Springer;Economic Science Association, vol. 25(4), pages 1234-1266, September.
    12. Katarina Kostelic, 2020. "Guessing the Game: An Individual’s Awareness and Assessment of a Game’s Existence," Games, MDPI, vol. 11(2), pages 1-28, March.
    13. Jimenez-Gomez, David, 2025. "Cooperative and competitive reasoning: From games to revolutions," Journal of Economic Behavior & Organization, Elsevier, vol. 237(C).
    14. Trabelsi, Emna & Hichri, Walid, 2021. "Central Bank Transparency with (semi-)public Information: Laboratory Experiments," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 90(C).
    15. Bao, Te & Hommes, Cars & Pei, Jiaoying, 2021. "Expectation formation in finance and macroeconomics: A review of new experimental evidence," Journal of Behavioral and Experimental Finance, Elsevier, vol. 32(C).
    16. Camille Cornand & Frank Heinemann, 2004. "Optimal Degree of Public Information Dissemination," CESifo Working Paper Series 1353, CESifo.
    17. Anand, Kartik & König, Philipp Johann, 2026. "Multiple equilibria? Don't panic! - A hitchhiker's guide to global games," Discussion Papers 05/2026, Deutsche Bundesbank.
    18. Eric J. Hoffmann & Tarun Sabarwal, 2019. "Equilibrium existence in global games with general payoff structures," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 7(1), pages 105-115, May.
    19. Camille Cornand & Romain Baeriswyl, 2014. "The predominant role of signal precision in experimental beauty contest," Working Papers halshs-01098772, HAL.
    20. Sergei Izmalkov & Muhamet Yildiz, 2009. "Investor Sentiments," Working Papers w0138, New Economic School (NES).
    21. Trautmann, Stefan T. & Vlahu, Razvan, 2013. "Strategic loan defaults and coordination: An experimental analysis," Journal of Banking & Finance, Elsevier, vol. 37(3), pages 747-760.
    22. Cary D. Frydman & Salvatore Nunnari, 2021. "Coordination with Cognitive Noise," CESifo Working Paper Series 9483, CESifo.
    23. Park, Youngseok & Rabanal, Jean Paul & Rud, Olga A. & Grossman, Philip J., 2021. "An endogenous-timing conflict game," Journal of Economic Behavior & Organization, Elsevier, vol. 186(C), pages 592-607.
    24. Camille Cornand & Frank Heinemann, 2019. "Experiments in macroeconomics: methods and applications," Post-Print halshs-01809937, HAL.
    25. Chen, Qi & Goldstein, Itay & Jiang, Wei, 2010. "Payoff complementarities and financial fragility: Evidence from mutual fund outflows," Journal of Financial Economics, Elsevier, vol. 97(2), pages 239-262, August.
    26. Camille Cornand & Frank Heinemann, 2014. "Experiments on Monetary Policy and Central Banking," Research in Experimental Economics, in: Experiments in Macroeconomics, volume 17, pages 167-227, Emerald Group Publishing Limited.
    27. Heinemann, Frank, 2024. "An experimental test of the global-game selection in coordination games with asymmetric players," Journal of Economic Behavior & Organization, Elsevier, vol. 218(C), pages 632-656.
    28. Christos A. Ioannou & Miltiadis Makris, 2019. "An Experimental Study Of Uncertainty In Coordination Games," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-03268470, HAL.
    29. Siegfried K. Berninghaus & Sven Haller & Tyll Krüger & Thomas Neumann & Stephan Schosser & Bodo Vogt, 2012. "Risk Attitude, Beliefs, and Information in a Corruption Game - An Experimental Analysis," Jena Economics Research Papers 2012-033, Friedrich-Schiller-University Jena.
    30. Strzalecki, Tomasz, 2014. "Depth of Reasoning and Higher Order Beliefs," Scholarly Articles 14397608, Harvard University Department of Economics.
    31. John Duffy, 2008. "Macroeconomics: A Survey of Laboratory Research," Working Paper 334, Department of Economics, University of Pittsburgh, revised Jun 2014.
    32. Sanjay Banerjee & Michael Maier, 2016. "Public Information Precision and Coordination Failure: An Experiment," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 54(4), pages 941-986, September.
    33. Kneeland, Terri, 2016. "Coordination under limited depth of reasoning," Games and Economic Behavior, Elsevier, vol. 96(C), pages 49-64.
    34. Friedel Bolle & Jörg Spiller, 2021. "Cooperation against all predictions," Economic Inquiry, Western Economic Association International, vol. 59(3), pages 904-924, July.
    35. Jakub Steiner, 2006. "Coordination of Mobile Labor," Edinburgh School of Economics Discussion Paper Series 152, Edinburgh School of Economics, University of Edinburgh.
    36. Oana Peia & Radu Vranceanu, 2017. "Experimental evidence on bank runs under partial deposit insurance," Working Papers hal-01510692, HAL.
    37. Konstantinos Georgalos & Indrajit Ray & Sonali SenGupta, 2020. "Nash versus coarse correlation," Experimental Economics, Springer;Economic Science Association, vol. 23(4), pages 1178-1204, December.
    38. Duffy, John & Ochs, Jack, 2012. "Equilibrium selection in static and dynamic entry games," Games and Economic Behavior, Elsevier, vol. 76(1), pages 97-116.
    39. Cabrales, Antonio & Drouvelis, Michalis & Gurguc, Zeynep & Ray, Indrajit, 2017. "Transparency is overrated: communicating in a coordination game with private information," CEPR Discussion Papers 12353, Centre for Economic Policy Research.
    40. Louis, Philippos & Troumpounis, Orestis & Tsakas, Nikolas & Xefteris, Dimitrios, 2022. "Coordination with preferences over the coalition size," Journal of Economic Behavior & Organization, Elsevier, vol. 194(C), pages 105-123.
    41. Marianne Lefebvre, 2011. "Sharing Rules for Common-Pool Resources when Self-insurance is Available: an Experiment," Working Papers 11-22, LAMETA, Universtiy of Montpellier, revised Jun 2012.
    42. Sanchez Villalba, Miguel, 2017. "Global Inspection Games (GIG) in the laboratory," MPRA Paper 80715, University Library of Munich, Germany.
    43. Christian Bauer & Bernhard Herz, 2009. "The Dynamics of Financial Crises and the Risk to Defend the Exchange Rate," Research Papers in Economics 2009-03, University of Trier, Department of Economics.
    44. Heinemann, Frank & Moradi, Homayoon, 2018. "Sunspots in Global Games: Theory and Experiment," Rationality and Competition Discussion Paper Series 135, CRC TRR 190 Rationality and Competition.
    45. Camille Cornand & Frank Heinemann, 2015. "Macro-expérimentation autour des fonctions des banques centrales," Post-Print halshs-01232455, HAL.
    46. Camille Cornand & Frank Heinemann, 2014. "Measuring Agents' Reaction to Private and Public Information in Games with Strategic Complementarities," Working Papers halshs-00925018, HAL.
    47. Boun My, Kene & Cornand, Camille & Dos Santos Ferreira, Rodolphe, 2021. "Public information and the concern for coordination," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 93(C).
    48. Bolle, Friedel, 2017. "A behavioral theory of equilibrium selection," Discussion Papers 392, European University Viadrina Frankfurt (Oder), Department of Business Administration and Economics.
    49. Francesco Feri & Bernd Irlenbusch & Matthias Sutter, 2008. "Efficiency Gains from Team-Based Coordination - Large-Scale Experimental Evidence," Working Papers 2008-22, Faculty of Economics and Statistics, Universität Innsbruck.
    50. Beggs Alan, 2009. "Learning in Bayesian Games with Binary Actions," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 9(1), pages 1-30, September.
    51. Helland, Leif & Iachan, Felipe S. & Juelsrud, Ragnar E. & Nenov, Plamen T., 2021. "Information quality and regime change: Evidence from the lab," Journal of Economic Behavior & Organization, Elsevier, vol. 191(C), pages 538-554.
    52. Taketa, Kenshi & Suzuki-Löffelholz, Kumi & Arikawa, Yasuhiro, 2009. "Experimental analysis on the role of a large speculator in currency crises," Journal of Economic Behavior & Organization, Elsevier, vol. 72(1), pages 602-617, October.
    53. Cary A. Deck & Javier Reyes, 2008. "An Experimental Investigation of Moral Hazard in Costly Investments," Southern Economic Journal, John Wiley & Sons, vol. 74(3), pages 725-746, January.
    54. Damien Besancenot & Radu Vranceanu, 2011. "Experimental evidence on the "insidious" illiquidity risk," Working Papers halshs-00602107, HAL.
    55. Zekeriya Eser & Joe Peek, 2006. "Reciprocity and Network Coordination: Evidence from Japanese Banks," Hi-Stat Discussion Paper Series d05-157, Institute of Economic Research, Hitotsubashi University.
    56. Sanne Zwart, 2005. "Liquidity runs with endogenous information acquisition," Economics Working Papers ECO2005/18, European University Institute.
    57. John Duffy, 2009. "Equilibrium Selection in Static and Dynamic Entry Games," Working Paper 376, Department of Economics, University of Pittsburgh, revised Dec 2011.
    58. Te Bao & John Duffy, 2021. "Signal extraction: experimental evidence," Theory and Decision, Springer, vol. 90(2), pages 219-232, March.
    59. Morgan, John, 2004. "Clock Games: Theory and Experiments," Santa Cruz Department of Economics, Working Paper Series qt81m0r0jj, Department of Economics, UC Santa Cruz.
    60. Arifovic, Jasmina & Evans, George W. & Kostyshyna, Olena, 2020. "Are sunspots learnable? An experimental investigation in a simple macroeconomic model," Journal of Economic Dynamics and Control, Elsevier, vol. 110(C).
    61. Jasmina Arifovic & George Evans & Olena Kostyshyna, 2013. "Are Sunspots Learnable? An Experimental Investigation in a Simple General-Equilibrium Model," Staff Working Papers 13-14, Bank of Canada.
    62. Basteck, Christian & Daniëls, Tijmen R. & Heinemann, Frank, 2010. "Characterising equilibrium selection in global games with strategic complementarities," SFB 649 Discussion Papers 2010-008, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    63. Faravelli, Marco & Stanca, Luca, 2012. "When less is more: Rationing and rent dissipation in stochastic contests," Games and Economic Behavior, Elsevier, vol. 74(1), pages 170-183.
    64. Manshu Khanna & Bozhang Xia, 2026. "Algorithm-Driven Information Similarity and Collective Action: An Experimental Study," Papers 2607.25472, arXiv.org.
    65. Giuseppe Cappelletti & Lucia Esposito, 2013. "Central bank and government in a speculative attack model," Temi di discussione (Economic working papers) 934, Bank of Italy, Economic Research and International Relations Area.
    66. Sareh Vosooghi, 2019. "Panic-Based Overfishing in Transboundary Fisheries," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 73(4), pages 1287-1313, August.
    67. Te Bao & John Duffy & Jiahua Zhu, 2025. "Information Ambiguity, Market Institutions, and Asset Prices: Experimental Evidence," Management Science, INFORMS, vol. 71(4), pages 3232-3252, April.
    68. Martin Geiger & Richard Hule, 2017. "The role of correlation in two-asset games: Some experimental evidence," Working Papers 2017-19, Faculty of Economics and Statistics, Universität Innsbruck.
    69. Andrew Schotter & Isabel Trevino, 2021. "Is response time predictive of choice? An experimental study of threshold strategies," Experimental Economics, Springer;Economic Science Association, vol. 24(1), pages 87-117, March.
    70. Ronit Mukherji, 2023. "Risk Sharing in Public-Private Partnerships," SN Operations Research Forum, Springer, vol. 4(4), pages 1-17, December.
    71. Angeletos, G.-M. & Lian, C., 2016. "Incomplete Information in Macroeconomics," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 1065-1240, Elsevier.
    72. Mathias Drehmann, 2007. "Discussion of 'Banks, Markets and Liquidity'," RBA Annual Conference Volume (Discontinued), in: Christopher Kent & Jeremy Lawson (ed.),The Structure and Resilience of the Financial System, Reserve Bank of Australia.
    73. Georgalos, Konstantinos & Ray, Indrajit & Gupta, Sonali Sen, 2019. "Nash vs. Coarse Correlation," Cardiff Economics Working Papers E2019/3, Cardiff University, Cardiff Business School, Economics Section.
    74. Isabel Trevino, 2020. "Informational Channels of Financial Contagion," Econometrica, Econometric Society, vol. 88(1), pages 297-335, January.
    75. Orland, Andreas & Roos, Michael W.M., 2013. "The New Keynesian Phillips curve with myopic agents," Journal of Economic Dynamics and Control, Elsevier, vol. 37(11), pages 2270-2286.
    76. Pekka Sääskilahti, 2016. "Buying Decision Coordination and Monopoly Pricing of Network Goods," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 25(2), pages 313-333, April.
    77. Goryunov, Maxim & Rigos, Alexandros, 2022. "Discontinuous and continuous stochastic choice and coordination in the lab," Journal of Economic Theory, Elsevier, vol. 206(C).
    78. Blume, Andreas & Noussair, Charles N. & Ye, Bohan, 2024. "Fragile meaning - an experiment," Journal of Economic Theory, Elsevier, vol. 216(C).
    79. Anna Bayona & Oana Peia, 2020. "Financial Contagion and the Wealth Effect: An Experimental Study," Working Papers 202007, School of Economics, University College Dublin.
    80. Olga Shurchkov, 2013. "Coordination and learning in dynamic global games: experimental evidence," Experimental Economics, Springer;Economic Science Association, vol. 16(3), pages 313-334, September.
    81. Jacopo Magnani & David Munro, 2020. "Dynamic runs and circuit breakers: an experiment," Experimental Economics, Springer;Economic Science Association, vol. 23(1), pages 127-153, March.
    82. Guy Aridor & Rava Azeredo da Silveira & Michael Woodford, 2024. "Information-Constrained Coordination of Economic Behavior," CESifo Working Paper Series 10935, CESifo.
    83. John Van Huyck & Ajalavat Viriyavipart & Alexander L. Brown, 2018. "When less information is good enough: experiments with global stag hunt games," Experimental Economics, Springer;Economic Science Association, vol. 21(3), pages 527-548, September.
    84. George-Marios Angeletos & Chen Lian, 2016. "Incomplete Information in Macroeconomics: Accommodating Frictions in Coordination," NBER Working Papers 22297, National Bureau of Economic Research, Inc.
    85. Aidas Masiliunas, 2016. "Overcoming Coordination Failure in a Critical Mass Game: Strategic Motives and Action Disclosure," AMSE Working Papers 1609, Aix-Marseille School of Economics, France.
    86. Alexander Elbittar & Rodrigo Harrison & Roberto Muñoz, 2007. "Network Structure in a Link-formation Game: An Experimental Study," Working Papers DTE 405, CIDE, División de Economía.
    87. Mauersberger, Felix & Nagel, Rosemarie & Bühren, Christoph, 2020. "Bounded rationality in Keynesian beauty contests: A lesson for central bankers?," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy, vol. 14, pages 1-38.
    88. Schade, Christian & Schroeder, Andreas & Krause, Kai Oliver, 2010. "Coordination after gains and losses: Is prospect theory’s value function predictive for games?," Structural Change in Agriculture/Strukturwandel im Agrarsektor (SiAg) Working Papers 59524, Humboldt University Berlin, Department of Agricultural Economics.
    89. Camille Cornand, 2006. "Speculative Attack and Informational Structure: an Experimental Study," Post-Print halshs-00360088, HAL.
    90. Philip J. Grossman & Youngseok Park & Jean Paul Rabanal & Olga A. Rud, 2019. "Gender differences in an endogenous timing conflict game," Working Papers 141, Peruvian Economic Association.
    91. Jakub Steiner & Colin Stewart, 2007. "Learning by Similarity in Coordination Problems," CERGE-EI Working Papers wp324, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    92. Arifovic, Jasmina & Duffy, John & Jiang, Janet Hua, 2023. "Adoption of a new payment method: Experimental evidence," European Economic Review, Elsevier, vol. 154(C).
    93. Külpmann, Philipp & Khantadze, Davit, 2016. "Identifying the reasons for coordination failure in a laboratory experiment," Center for Mathematical Economics Working Papers 567, Center for Mathematical Economics, Bielefeld University.
    94. Sergio Currarini & Francesco Feri & Bjoern Hartig & Miguel A. Meléndez-Jiménez, 2020. "To Share or Not to Share: An Experiment on Information Transmission in Networks," Working Papers 2020-06, Universidad de Málaga, Department of Economic Theory, Málaga Economic Theory Research Center.
    95. Radu Vranceanu & Damien Besancenot & Delphine Dubart, 2014. "Can Rumors and Other Uninformative Messages Cause Illiquidity ?," Working Papers hal-00841167, HAL.
    96. Corbae, Dean & Duffy, John, 2008. "Experiments with network formation," Games and Economic Behavior, Elsevier, vol. 64(1), pages 81-120, September.
    97. Anctil, Regina M. & Dickhaut, John & Johnson, Cathleen & Kanodia, Chandra, 2010. "Does information transparency decrease coordination failure?," Games and Economic Behavior, Elsevier, vol. 70(2), pages 228-241, November.
    98. Erik O. Kimbrough & Taylor Jaworski, 2014. "Bubbles, Crashes and Endogenous Uncertainty in Linked Asset and Product Markets," Discussion Papers dp14-07, Department of Economics, Simon Fraser University.
    99. Adrian Stoian, 2014. "Public Messages and Asset Prices," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 42(4), pages 441-454, December.
    100. Johne Bone & Michalis Drouvelis & Indrajit Ray, 2013. "Coordination in 2 x 2 Games by Following Recommendations from Correlated Equilibria," Discussion Papers 12-04, Department of Economics, University of Birmingham.
    101. Ahrens, Steffen & Lustenhouwer, Joep & Tettamanzi, Michele, 2023. "The Stabilizing Effects of Publishing Strategic Central Bank Projections," Macroeconomic Dynamics, Cambridge University Press, vol. 27(3), pages 826-868, April.
    102. Levit, Doron & Malenko, Nadya & Maug, Ernst, 2019. "Trading and shareholder democracy," CEPR Discussion Papers 14039, Centre for Economic Policy Research.
    103. Shakina, Ekaterina & Angerer, Martin, 2018. "Coordination and communication during bank runs," Journal of Behavioral and Experimental Finance, Elsevier, vol. 20(C), pages 115-130.
    104. Shimon Kogan & Anthony M. Kwasnica & Roberto A. Weber, 2011. "Coordination in the Presence of Asset Markets," American Economic Review, American Economic Association, vol. 101(2), pages 927-947, April.
    105. Marcus Giamattei, 2022. "Can Cold Turkey Reduce Inflation Inertia? Evidence on Disinflation and Level‐k Thinking from a Laboratory Experiment," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(8), pages 2477-2517, December.
    106. Bousselmi, Wael & Peia, Oana & Vranceanu, Radu, 2026. "Rollover and insolvency risk in sovereign debt pricing: An experimental study," Journal of Economic Dynamics and Control, Elsevier, vol. 185(C).
    107. Manz, Michael, 2010. "Information-based contagion and the implications for financial fragility," European Economic Review, Elsevier, vol. 54(7), pages 900-910, October.
    108. Carlos Corona & Lin Nan & Gaoqing Zhang, 2019. "The Coordination Role of Stress Tests in Bank Risk‐Taking," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 57(5), pages 1161-1200, December.
    109. Camille Cornand & Frank Heinemann, 2006. "Publicité limitée de l'information et sur-réaction aux annonces lors des épisodes spéculatifs," Revue économique, Presses de Sciences-Po, vol. 57(3), pages 399-405.
    110. Steven J. Bosworth, 2017. "The importance of higher-order beliefs to successful coordination," Experimental Economics, Springer;Economic Science Association, vol. 20(1), pages 237-258, March.
    111. Brindisi, Francesco & Çelen, Boğaçhan & Hyndman, Kyle, 2014. "The effect of endogenous timing on coordination under asymmetric information: An experimental study," Games and Economic Behavior, Elsevier, vol. 86(C), pages 264-281.
    112. Kene Boun My & Camille Cornand & Rodolphe Dos Santos Ferreira, 2017. "Speculation rather than enterprise? Keynes’ beauty contest revisited in theory and experiment," Working Papers of BETA 2017-13, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    113. Thomas Neumann & Bodo Vogt, 2009. "Do Players’ Beliefs or Risk Attitudes Determine The Equilibrium Selections in 2x2 Coordination Games?," FEMM Working Papers 09024, Otto-von-Guericke University Magdeburg, Faculty of Economics and Management.
    114. Daniel Zizzo, 2010. "Experimenter demand effects in economic experiments," Experimental Economics, Springer;Economic Science Association, vol. 13(1), pages 75-98, March.
    115. Cabrales, Antonio & Drouvelis, Michalis & Gurguc, Zeynep & Ray, Indrajit, 2018. "Do we need to listen to all stakeholders?: communicating in a coordination game with private information," Cardiff Economics Working Papers E2018/23, Cardiff University, Cardiff Business School, Economics Section.
    116. Frankel, David M., 2014. "Optimal Insurance for Small Stakeholders," Staff General Research Papers Archive 37551, Iowa State University, Department of Economics.
    117. Michal Szkup & Isabel Trevino, 2026. "Selection through information acquisition in coordination games," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 81(1), pages 113-148, February.
    118. Peia, Oana & Vranceanu, Radu, 2019. "Experimental evidence on bank runs with uncertain deposit coverage," Journal of Banking & Finance, Elsevier, vol. 106(C), pages 214-226.
    119. Szkup, Michal & Trevino, Isabel, 2020. "Sentiments, strategic uncertainty, and information structures in coordination games," Games and Economic Behavior, Elsevier, vol. 124(C), pages 534-553.
    120. Anna Bayona & Oana Peia & Razvan Vlahu, 2023. "Credit Ratings and Investments," Working Papers 776, DNB.
    121. Romain Baeriswyl & Camille Cornand, 2012. "Reducing overreaction to central banks' disclosures:theory and experiment," Working Papers 2012-08, Swiss National Bank.

  18. Frank Heinemann, 2002. "Exchange-rate Attack as a Coordination Game: Theory and Experimental Evidence," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 18(4), pages 462-478.

    Cited by:

    1. Bannier, Christina E., 2003. "Privacy or Publicity - Who Drives the Wheel?," CFS Working Paper Series 2003/29, Center for Financial Studies (CFS).
    2. Christina E. Bannier, 2003. "Privacy or Publicity - Who Drives the Wheel?," Game Theory and Information 0309006, University Library of Munich, Germany.
    3. Childs, Jason, 2009. "Rate of return parity and currency crises in experimental asset markets," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 19(1), pages 157-170, February.
    4. Jean-Pierre Allegret & Camille Cornand, 2005. "The Pros and Cons of Higher Transparency: The Case of Speculative Attacks," Working Papers 0502, Groupe d'Analyse et de Théorie Economique Lyon St-Etienne (GATE Lyon St-Etienne), Université de Lyon.
    5. Camille Cornand, 2006. "Speculative Attack and Informational Structure: an Experimental Study," Post-Print halshs-00360088, HAL.
    6. Ralf Elsas & Frank Heinemann & Marcel Tyrell, 2004. "Multiple but Asymmetric Bank Financing: The Case of Relationship Lending," CESifo Working Paper Series 1251, CESifo.

  19. Heinemann, Frank & Illing, Gerhard, 2002. "Speculative attacks: unique equilibrium and transparency," Journal of International Economics, Elsevier, vol. 58(2), pages 429-450, December.
    See citations under working paper version above.
  20. Frank Heinemann, 2000. "Unique Equilibrium in a Model of Self-Fulfilling Currency Attacks: Comment," American Economic Review, American Economic Association, vol. 90(1), pages 316-318, March.

    Cited by:

    1. Stephen Morris & Hyun Song Shin, 2000. "Global Games: Theory and Applications," Cowles Foundation Discussion Papers 1275R, Cowles Foundation for Research in Economics, Yale University, revised Aug 2001.
    2. Rosemarie Nagel & Antonio Cabrales & Roc Armenter, 2002. "Equilibrium selection through incomplete information in coordination games: An experimental study," Economics Working Papers 601, Department of Economics and Business, Universitat Pompeu Fabra.
    3. Christina E. Bannier & Frank Heinemann, 2005. "Optimal Transparency and Risk-Taking to Avoid Currency Crises," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 161(3), pages 374-391, September.
    4. Allsopp, Louise, 2002. "Common knowledge and the value of defending a fixed exchange rate--an explanation of a currency crisis," Journal of Macroeconomics, Elsevier, vol. 24(1), pages 67-79, March.
    5. Chanelle Duley & Prasanna Gai, 2020. "When the penny doesn't drop - Macroeconomic tail risk and currency crises," National Institute of Economic and Social Research (NIESR) Discussion Papers 520, National Institute of Economic and Social Research.
    6. Mankiw, N. Gregory & Reis, Ricardo, 2010. "Imperfect Information and Aggregate Supply," Scholarly Articles 33907956, Harvard University Department of Economics.
    7. Camille Cornand & Frank Heinemann, 2014. "Experiments on Monetary Policy and Central Banking," Research in Experimental Economics, in: Experiments in Macroeconomics, volume 17, pages 167-227, Emerald Group Publishing Limited.
    8. Heinemann, Frank & Nagel, Rosemarie & Ockenfels, Peter, 2002. "Speculative attacks and financial architecture: experimental analysis of coordination games with public and private information," LSE Research Online Documents on Economics 24935, London School of Economics and Political Science, LSE Library.
    9. Todd Keister, 2006. "Expectations and Contagion in Self-fulfilling Currency Attacks," 2006 Meeting Papers 485, Society for Economic Dynamics.
    10. Duffy, John & Ochs, Jack, 2012. "Equilibrium selection in static and dynamic entry games," Games and Economic Behavior, Elsevier, vol. 76(1), pages 97-116.
    11. Lioudmila Savtchenko, 2010. "Foreign devaluation as a coordinating device of heterogeneous investors: A game‐theoretic analysis of financial contagion," International Journal of Economic Theory, The International Society for Economic Theory, vol. 6(2), pages 195-204, June.
    12. Heinemann, Frank & Illing, Gerhard, 2002. "Speculative attacks: unique equilibrium and transparency," Journal of International Economics, Elsevier, vol. 58(2), pages 429-450, December.
    13. John Duffy, 2009. "Equilibrium Selection in Static and Dynamic Entry Games," Working Paper 376, Department of Economics, University of Pittsburgh, revised Dec 2011.
    14. Ing-Haw Cheng & Alice Hsiaw, 2020. "Reporting Sexual Misconduct in the #MeToo Era," Working Papers 129R, Brandeis School of Business and Economics, revised Aug 2020.
    15. Angeletos, G.-M. & Lian, C., 2016. "Incomplete Information in Macroeconomics," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 1065-1240, Elsevier.
    16. Vranceanu, Radu & Besancenot, Damien, 2011. "Experimental Evidence on the ‘Insidious’ Illiquidity Risk," ESSEC Working Papers WP1107, ESSEC Research Center, ESSEC Business School.
    17. George-Marios Angeletos & Chen Lian, 2016. "Incomplete Information in Macroeconomics: Accommodating Frictions in Coordination," NBER Working Papers 22297, National Bureau of Economic Research, Inc.
    18. Erler, Alexander & Bauer, Christian & Herz, Bernhard, 2015. "To intervene, or not to intervene: Monetary policy and the costs of currency crises," Journal of International Money and Finance, Elsevier, vol. 51(C), pages 432-456.
    19. Hanjoon M. Jung & Meng‐Yu Liang & C.C. Yang, 2022. "How much should we fund the IRS?," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 24(1), pages 120-139, February.
    20. Leila Ali, 2012. "Flexibility: Stability's Best Friend in Non-transparent Countries?," International Economic Journal, Taylor & Francis Journals, vol. 26(2), pages 247-264, December.
    21. Mahdi Yazdani & Mohammad Nikzad, 2021. "Output Losses from Currency Crises and the Role of Central Bank," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 10(3), pages 79-97.
    22. Zvika Neeman & Gerhard O. Orosel, 2001. "Credits, Crises, and Capital Controls: A Microeconomic Analysis," Vienna Economics Papers vie0103, University of Vienna, Department of Economics.
    23. Jakub Steiner, 2006. "Coordination Cycles," Edinburgh School of Economics Discussion Paper Series 162, Edinburgh School of Economics, University of Edinburgh.
    24. Naqvi, Nadeem & Neumärker, Bernhard & Pech, Gerald, 2012. "The rule of law and sustainability of the constitution: The case of tax evasion," The Constitutional Economics Network Working Papers 01-2012, University of Freiburg, Department of Economic Policy and Constitutional Economic Theory.

  21. Frank Heinemann, 1997. "Rationalizable expectations and sunspot equilibria in an overlapping-generations economy," Journal of Economics, Springer, vol. 65(3), pages 257-277, October.

    Cited by:

    1. Heinemann, Frank & Illing, Gerhard, 2002. "Speculative attacks: unique equilibrium and transparency," Journal of International Economics, Elsevier, vol. 58(2), pages 429-450, December.
    2. Alexander Zimper, 2017. "Rationalizable Information Equilibria," Working Papers 201745, University of Pretoria, Department of Economics.
    3. G. Desgranges & G. Negroni, 2001. "Expectations Coordination on a Sunspot Equilibrium: an Eductive Approach," Thema Working Papers 2001-13, THEMA (Théorie Economique, Modélisation et Applications), CY Cergy-Paris University, ESSEC and CNRS.
    4. Herakles M. Polemarchakis & Indrajit Ray, 2004. "Sunspots, Correlation and Competition," Discussion Papers 04-15, Department of Economics, University of Birmingham.

Chapters

  1. Camille Cornand & Frank Heinemann, 2014. "Experiments on Monetary Policy and Central Banking," Research in Experimental Economics, in: Experiments in Macroeconomics, volume 17, pages 167-227, Emerald Group Publishing Limited.

    Cited by:

    1. Arifovic, Jasmina & Petersen, Luba, 2017. "Stabilizing expectations at the zero lower bound: Experimental evidence," Journal of Economic Dynamics and Control, Elsevier, vol. 82(C), pages 21-43.
    2. Ahrens, Steffen & Lustenhouwer, Joep & Tettamanzi, Michele, 2017. "The Stabilizing Role of Forward Guidance: A Macro Experiment," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168063, Verein für Socialpolitik / German Economic Association.
    3. Orland, Andreas & Roos, Michael W.M., 2019. "Price-setting with quadratic adjustment costs: Experimental evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 163(C), pages 88-116.
    4. Giamattei, Marcus, 2015. "Cold Turkey vs. Gradualism - Evidence on Disinflation Strategies from a Laboratory Experiment," Passauer Diskussionspapiere, Volkswirtschaftliche Reihe V-67-15, University of Passau, Faculty of Business and Economics.
    5. Camille Cornand & Paul Hubert, 2019. "On the external validity of experimental inflation forecasts: A comparison with five categories of field expectations," Working Papers hal-03403259, HAL.
    6. Fatemeh Mokhtarzadeh & Luba Petersen, 2021. "Coordinating expectations through central bank projections," Experimental Economics, Springer;Economic Science Association, vol. 24(3), pages 883-918, September.
    7. Luba Petersen & Jasmina Arifovic, 2015. "Escaping Expectations-Driven Liquidity Traps: Experimental Evidence," Discussion Papers dp15-03, Department of Economics, Simon Fraser University.
    8. Marcus Giamattei & Johann Lambsdorff, 2015. "Balancing the current account: experimental evidence on underconsumption," Experimental Economics, Springer;Economic Science Association, vol. 18(4), pages 670-696, December.
    9. Oana Peia & Radu Vranceanu, 2017. "Experimental evidence on bank runs under partial deposit insurance," Working Papers hal-01510692, HAL.
    10. Camille Cornand & Frank Heinemann, 2015. "Macro-expérimentation autour des fonctions des banques centrales," Post-Print halshs-01232455, HAL.
    11. Duffy, John & Heinemann, Frank, 2021. "Central bank reputation, cheap talk and transparency as substitutes for commitment: Experimental evidence," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 887-903.
    12. Bao, Te & Zong, Jichuan, 2019. "The impact of interest rate policy on individual expectations and asset bubbles in experimental markets," Journal of Economic Dynamics and Control, Elsevier, vol. 107(C), pages 1-1.
    13. Fehr, Dietmar & Heinemann, Frank & Llorente-Saguer, Aniol, 2017. "The Power of Sunspots: an Experimental Analysis," Rationality and Competition Discussion Paper Series 11, CRC TRR 190 Rationality and Competition.
    14. Assenza, T. & Bao, T. & Massaro, D. & Hommes, C.H., 2014. "Experiments on Expectations in Macroeconomics and Finance," CeNDEF Working Papers 14-05, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance.
    15. Cars Hommes & Domenico Massaro & Matthias Weber, 2017. "Monetary Policy under Behavioral Expectations: Theory and Experiment," Bank of Lithuania Working Paper Series 42, Bank of Lithuania.
    16. Hommes, Cars, 2018. "Behavioral & experimental macroeconomics and policy analysis: a complex systems approach," Working Paper Series 2201, European Central Bank.
    17. Camille Cornand & Paul Hubert, 2021. "Information frictions in inflation expectations among five types of economic agents," Working Papers 2116, Groupe d'Analyse et de Théorie Economique Lyon St-Etienne (GATE Lyon St-Etienne), Université de Lyon.
    18. Funaki, Yukihiko & Kawamura, Kohei & Ueda, Kozo & Uto, Nobuyuki, 2025. "Price stickiness and strategic uncertainty: An experimental study," Journal of Economic Dynamics and Control, Elsevier, vol. 180(C).
    19. Camille Cornand & Paul Hubert, 2022. "Information Frictions Across Various Types of Inflation Expectations," Working papers 873, Banque de France.
    20. Papadopoulos, Georgios, 2020. "Probing the mechanism: lending rate setting in a data-driven agent-based model," MPRA Paper 102749, University Library of Munich, Germany.
    21. Camille Cornand & Frank Heinemann, 2018. "Experiments on macroeconomics: methods and applications," Working Papers 1810, Groupe d'Analyse et de Théorie Economique Lyon St-Etienne (GATE Lyon St-Etienne), Université de Lyon.
    22. Peia, Oana & Vranceanu, Radu, 2019. "Experimental evidence on bank runs with uncertain deposit coverage," Journal of Banking & Finance, Elsevier, vol. 106(C), pages 214-226.

  2. Frank Heinemann, 2008. "Measuring risk aversion and the wealth effect," Research in Experimental Economics, in: Risk Aversion in Experiments, pages 293-313, Emerald Group Publishing Limited.
    See citations under working paper version above.

Books

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