| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 956699 | Journal of Economic Theory | 2016 | 7 Pages |
Abstract
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.
Keywords
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Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Bernardo Guimaraes, Ana Elisa Pereira,