Arbeitspapier
Multidimensional global games and some applications
I extend the standard global games framework by introducing an addition target on which agents can coordinate on. I compare this multidimensional case to the standard global games problem. Furthermore, I investigate the effects of consolidating the multiple targets. I find that introducing an additional option generates a negative strategic correlation between the options and thus weakens the coordination. However, unifying the options eliminates the endogenous correlation and thus restores the coordination. I also show two potential applications to be modeled by these kinds of games.
- Language
-
Englisch
- Bibliographic citation
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Series: IEHAS Discussion Papers ; No. MT-DP - 2018/3
- Classification
-
Wirtschaft
Noncooperative Games
Expectations; Speculations
- Subject
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global games
coordination
- Event
-
Geistige Schöpfung
- (who)
-
Vonnák, Dzsamila
- Event
-
Veröffentlichung
- (who)
-
Hungarian Academy of Sciences, Institute of Economics
- (where)
-
Budapest
- (when)
-
2018
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Vonnák, Dzsamila
- Hungarian Academy of Sciences, Institute of Economics
Time of origin
- 2018
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