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The Value of the Coordination Game

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  • Willemien Kets
  • Wouter Kager
  • Alvaro Sandroni

Abstract

The value of a game is the payoff a player can expect (ex ante) from playing the game. Understanding how the value changes with economic primitives is critical for policy design and welfare.

Suggested Citation

  • Willemien Kets & Wouter Kager & Alvaro Sandroni, 2021. "The Value of the Coordination Game," Economics Series Working Papers 938, University of Oxford, Department of Economics.
  • Handle: RePEc:oxf:wpaper:938
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    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
    • D60 - Microeconomics - - Welfare Economics - - - General
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General

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