Ja. Sundali et al., COORDINATION IN MARKET ENTRY GAMES WITH SYMMETRICAL PLAYERS, Organizational behavior and human decision processes, 64(2), 1995, pp. 203-218
We report the results of two experiments designed to study tacit coord
ination in a class of market entry games with linear payoff functions,
binary decisions, and zero entry costs, in which each of n = 20 playe
rs must decide on each trial whether or not to enter a market whose ca
pacity is public knowledge. The results show that although the subject
s differ considerably from one another in their decision policies, tac
it coordination emerges quickly on the aggregate level and is accounte
d for most successfully by the Nash equilibrium solution for noncooper
ative n-person games. (C) 1995 Academic Press, Inc.