Tournaments as coordination devices: Theory and experimental evidence

Journal of Behavioral and Experimental Economics(2022)

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摘要
•We develop a fairness-based coordination model.•We design an experiment to manipulate the justiability of inequality.•A pre-play real-effort tournament may constitute a focal point.•Winning subjects are more likely to take dominant positions.•Losing subjects are more likely to accept dominated positions.
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关键词
D23,D73,D91,M51,M54,Tournament,Coordination game,Focal point,Salient label,Fairness concern
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