Browsing FGV EESP - Escola de Economia de São Paulo by Title "The effect of options on coordination"

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    • The effect of options on coordination 

      Guimarães, Bernardo de Vasconcellos; Araujo, Luis Fernando Oliveira de
      2013-08-02
      This paper studies how constraints on the timing of actions affect equilibrium in intertemporal coordination problems. The model exhibits a unique symmetric equilibrium in cut-o¤ strategies. The risk-dominant action of the ...