Pure coordination game, Game Theory


Two corporations should simultaneously elect a technology to use for his or her compatible merchandise. If the corporations adopt totally different standards, few sales result. a {standard|a typical} standard ends up in higher sales. One technology is considerably most well-liked by customers over the opposite. Thus, if the businesses will standardize on the well-liked technology, every obtains maximal profits. this can be conjointly referred to as a Pareto coordination game.


There are 2 pure strategy equilibria. each corporations like identical equilibrium that Pareto dominates the opposite. A mixed strategy equilibrium conjointly exists.


Firm 2



Firm 1







General Form

Player 2



Player 1







Where the following relations hold:
a>d>b; a>d>c 
w>z>y; w>z>x


Posted Date: 7/21/2012 5:02:31 AM | Location : United States

Related Discussions:- Pure coordination game, Assignment Help, Ask Question on Pure coordination game, Get Answer, Expert's Help, Pure coordination game Discussions

Write discussion on Pure coordination game
Your posts are moderated
Related Questions
Matches or different objects are organized in 2 or a lot of piles. Players alternate removing some or all of the matches from anyone pile. The player to get rid of the last match w

A subset or piece of a sequential game starting at some node such {that each that each} player is aware of each action of the players that moved before him at every purpose. Sub ga

An auction associates who submits offers (or bids) to sale or buy  the goods being auctioned.

A payoff offerd as a bequest for someone partaking in some activity that doesn't directly provide her with profit. Often, such incentives are given to beat the ethical hazard drawb

An auction during which the bidder who submitted the very best bid is awarded the item being sold and pays a worth equal to the number bid. Alternately, in a very procurement aucti

When players interact by enjoying an identical stage game (such because the prisoner's dilemma) varied times, the sport is termed an iterated (or repeated) game. not like a game pl

Explain the financial system terms definitions. The Financial System Definitions: Wealth It is sum of Current Savings and Accumulated Savings Financial asset P

Eighteenth century Dutch mathematician codified the notion of expected utility as a revolutionary approach to risk. He noted that folks don't maximize expected returns however expe

1. Find all NE of the following 2×2 game. Determine which of the NE are trembling-hand perfect. 2. Consider the following two-person game where player 1 has three strategie

An auction during which bidders simultaneously submit bids to the auctioneer while not information of the number bid by different participants. Usually, the very best bidder (or lo