Name File Type Size Last Modified
  code 03/01/2023 06:08:PM
  data 07/21/2023 08:39:PM
  experimental-code 03/01/2023 06:28:PM
  experimental-instructions 03/01/2023 06:31:PM
  results 03/01/2023 06:12:PM
ReadMeV2.pdf application/pdf 64.1 KB 07/22/2023 08:45:AM

Project Citation: 

Avoyan, Ala, and Ramos, Joao. Data and Code for: A Road to Efficiency through Communication and Commitment. Nashville, TN: American Economic Association [publisher], 2023. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2023-08-16.

Project Description

Summary:  View help for Summary The data and code used for paper: "A Road to Efficiency through Communication and Commitment"

In the paper, we experimentally examine the efficacy of a novel pre-play institution in a well-known coordination game-the minimum-effort game-in which coordination failures are robust and persistent phenomena. This new institution allows agents to communicate while incrementally committing to their words, leading to a distinct theoretical prediction: the efficient outcome is uniquely selected in the extended coordination game. We find that commitment-enhanced communication significantly increases subjects' payoffs and achieves higher efficiency levels than various non-binding forms of communication. We further identify the key ingredients of the institution that are central to achieving such gains.
Funding Sources:  View help for Funding Sources New York University; University of Southern California; Indiana University

Scope of Project

Subject Terms:  View help for Subject Terms Lab Experiment
JEL Classification:  View help for JEL Classification
      C73 Stochastic and Dynamic Games; Evolutionary Games; Repeated Games
      C92 Design of Experiments: Laboratory, Group Behavior
      D83 Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
      P41 Other Economic Systems: Planning, Coordination, and Reform

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