Coordination in a Changing Environment

39 Pages Posted: 2 Oct 2012 Last revised: 24 Nov 2014

See all articles by Alexander Matros

Alexander Matros

Moore School of Business

Scott Moser

University of Nottingham - School of Politics and International Relations

Date Written: November 20, 2014

Abstract

In this paper we consider a model where boundedly rational agents choose both which coordination game to play and what action to take in that game, when their information and mobility is limited and change over time. We completely characterize both short-run and long-run outcomes. There are multiple types of short-run predictions in which agents may be at different locations, taking different actions. In the long-run, however, all agents are at the same location and take the same action in that game. The long-run prediction is unique and globally efficient most of the time.

Keywords: Stochastic Stability, Networks, Coordination, Mobile agents

Suggested Citation

Matros, Alexander and Moser, Scott, Coordination in a Changing Environment (November 20, 2014). Available at SSRN: https://ssrn.com/abstract=2154334 or http://dx.doi.org/10.2139/ssrn.2154334

Alexander Matros

Moore School of Business ( email )

1014 Greene St
Columbia, SC 29208
United States

Scott Moser (Contact Author)

University of Nottingham - School of Politics and International Relations ( email )

Nottingham
United Kingdom

HOME PAGE: http://https://www.nottingham.ac.uk/~ldzsm2/

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