Institution formation in weakest-link games
(2025)
Journal Article
Caparrós, A., Blanco, E., & Finus, M. (2025). Institution formation in weakest-link games. Journal of Economic Behavior and Organization, 233, https://doi.org/10.1016/j.jebo.2025.106943
We study the role of endogenous formation of institutions in overcoming coordination failures in weakest-link games with fixed neighborhoods. In our setting, institutions are weak and only form and make decisions by unanimity. Experimental results sh... Read More about Institution formation in weakest-link games.