QWERTY is efficient.

Journal of Economic Theory（2016）

引用 7|浏览60

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摘要

We study a dynamic coordination problem with staggered decisions where agents choose between two competing networks. If the intrinsically worst one prevails, this is efficient. Moreover, inefficient shifts to the intrinsically best network might occur in equilibrium.

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关键词

Coordination,Networks,Timing frictions,Dynamic games

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