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Replication data for: Coordination in the Presence of Asset Markets

Resource Type
  • Kogan, Shimon
  • Kwasnica, Anthony M.
  • Weber, Roberto A.
Publication Date
  • Abstract

    We explore the relationship between outcomes in a coordination game and a pre-play asset market where asset values are determined by outcomes in the subsequent coordination game. Across two experiments, we vary the payoffs from the market relative to the game, the degree of interdependence in the game, and whether traders' asset payoffs are dependent on outcomes in their own or another game. Markets lead to significantly lower efficiency across treatments, even when they produce no distortion of incentives in the game. Market prices forecast game outcomes. Our experiments shed light on how financial markets may influence affiliated economic outcomes. (JEL C91, D83, G13, G14)
  • Is supplement to
    DOI: 10.1257/aer.101.2.927 (Text)
  • Kogan, Shimon, Anthony M Kwasnica, and Roberto A Weber. “Coordination in the Presence of Asset Markets.” American Economic Review 101, no. 2 (April 2011): 927–47.
    • ID: 10.1257/aer.101.2.927 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-11

Kogan, Shimon; Kwasnica, Anthony M.; Weber, Roberto A. (2011): Replication data for: Coordination in the Presence of Asset Markets. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset.