QWERTY is efficient

Bernardo Guimaraes, Ana Elisa Pereira

Research output: Contribution to journalArticlepeer-review

4 Scopus citations

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.
Original languageAmerican English
Pages (from-to)819-825
Number of pages7
JournalJournal of Economic Theory
Volume163
DOIs
StatePublished - 1 May 2016
Externally publishedYes

Keywords

  • Coordination
  • Dynamic games
  • Networks
  • Timing frictions

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