The costs and benefits of coordinating with a different group
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 p...
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| Format: | Article |
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Elsevier
2015
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| Online Access: | https://eprints.nottingham.ac.uk/29363/ |
| _version_ | 1848793770637656064 |
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| author | Grout, Paul A. Mitraille, Sébastien Sonderegger, Silvia |
| author_facet | Grout, Paul A. Mitraille, Sébastien Sonderegger, Silvia |
| author_sort | Grout, Paul A. |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-14T19:05:35Z |
| format | Article |
| id | nottingham-29363 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| last_indexed | 2025-11-14T19:05:35Z |
| publishDate | 2015 |
| publisher | Elsevier |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-293632020-05-04T20:06:01Z https://eprints.nottingham.ac.uk/29363/ The costs and benefits of coordinating with a different group Grout, Paul A. Mitraille, Sébastien Sonderegger, Silvia 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. Elsevier 2015-12 Article PeerReviewed Grout, Paul A., Mitraille, Sébastien and Sonderegger, Silvia (2015) The costs and benefits of coordinating with a different group. Journal of Economic Theory, 160 . pp. 517-535. ISSN 0022-0531 Diversity Coordination Social Interactions Value of Information Complementarities https://www.sciencedirect.com/science/article/pii/S0022053115001787 doi:10.1016/j.jet.2015.09.006 doi:10.1016/j.jet.2015.09.006 |
| spellingShingle | Diversity Coordination Social Interactions Value of Information Complementarities Grout, Paul A. Mitraille, Sébastien Sonderegger, Silvia The costs and benefits of coordinating with a different group |
| title | The costs and benefits of coordinating with a different group |
| title_full | The costs and benefits of coordinating with a different group |
| title_fullStr | The costs and benefits of coordinating with a different group |
| title_full_unstemmed | The costs and benefits of coordinating with a different group |
| title_short | The costs and benefits of coordinating with a different group |
| title_sort | costs and benefits of coordinating with a different group |
| topic | Diversity Coordination Social Interactions Value of Information Complementarities |
| url | https://eprints.nottingham.ac.uk/29363/ https://eprints.nottingham.ac.uk/29363/ https://eprints.nottingham.ac.uk/29363/ |