GAUTAM PAUL gautam.paul@nottingham.ac.uk
Associate Professor in Pharmacy Education & Development
The costs and benefits of coordinating with a different group
Grout, Paul A.; Mitraille, S�bastien; Sonderegger, Silvia
Authors
S�bastien Mitraille
SILVIA SONDEREGGER Silvia.Sonderegger@nottingham.ac.uk
Professor of Economics
Abstract
We consider a setup where agents care about i) taking actions that are close to their preferences, and ii) coordinating with others. The preferences of agents in the same group are drawn from the same distribution. Each individual is exogenously matched with other agents randomly selected from the population. Starting from an environment where everyone belongs to the same group, we show that introducing agents from a different group (whose preferences are uncorrelated with those of each of the incumbents) generates costs but may also (surprisingly) generate benefits in the form of enhanced coordination.
Citation
Grout, P. A., Mitraille, S., & Sonderegger, S. (2015). The costs and benefits of coordinating with a different group. Journal of Economic Theory, 160, https://doi.org/10.1016/j.jet.2015.09.006
Journal Article Type | Article |
---|---|
Acceptance Date | Sep 18, 2015 |
Online Publication Date | Sep 25, 2015 |
Publication Date | Dec 1, 2015 |
Deposit Date | Jul 21, 2015 |
Publicly Available Date | Mar 29, 2024 |
Journal | Journal of Economic Theory |
Print ISSN | 0022-0531 |
Electronic ISSN | 0022-0531 |
Publisher | Elsevier |
Peer Reviewed | Peer Reviewed |
Volume | 160 |
DOI | https://doi.org/10.1016/j.jet.2015.09.006 |
Keywords | Diversity, Coordination, Social Interactions, Value of Information, Complementarities |
Public URL | https://nottingham-repository.worktribe.com/output/980886 |
Publisher URL | https://www.sciencedirect.com/science/article/pii/S0022053115001787 |
Related Public URLs | http://www.journals.elsevier.com/journal-of-economic-theory/ |
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