Endogenous Information Acquisition in Coordination Games.

In the context of a “beauty-contest” coordination game (in which pay-offs depend on the quadratic distance of actions from an unobserved state variable and from the average action), players choose how much costly attention to pay to various informative signals. Each signal has an underlying accuracy...

Full description

Bibliographic Details

Published in:	Review of Economic Studies Vol. 79; no. 1; pp. 340 - 375
Main Authors:	Myatt, David P., Wallace, Chris
Format:	Article
Published:	Oxford University Press / USA Jan2012
Subjects:	Economic equilibrium Endogenous growth (Economics) Coordination (Human services) Beauty contests Acquisition of data Linear complementarity problem
Online Access:	View this record in EBSCOhost