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What constitutes a convention? : implications for the coexistence of conventions

Kolstad, Ivar
Working paper
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dp2002-05.pdf (70.45Kb)
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http://hdl.handle.net/11250/162912
Utgivelsesdato
2002-03
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  • Discussion papers (SAM) [581]
Sammendrag
A model of repeated play of a coordination game, where stage games

have a location in social space, and players receive noisy signals of the

true location of their games, is reviewed. Sugden (1995) suggests that

in such a model, there can be a stationary state of convention

coexistence only if interaction is non-uniform across social space. This

paper shows that an alternative definition of conventions, which links

conventions to actions rather than expectations, permits convention coexistence when interaction is uniform.
Utgiver
Norwegian School of Economics and Business Administration. Department of Economics
Serie
Discussion paper
2002:5

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