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Problems of Coordination in Economic Activity : Recent Economic Thought - James W. Friedman

Problems of Coordination in Economic Activity

Recent Economic Thought

By: James W. Friedman (Editor)

Hardcover Published: 31st December 1993
ISBN: 9780792393818
Number Of Pages: 230

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Coordination is extremely important in economic, political, and social life. The concept of economic equilibrium is based on the coordination of producers and consumers in buying and selling. This book reviews the topic of coordination from an economic, theoretical standpoint. The aim of this volume is twofold: first, the book contributes to the ongoing research on the economics of coordination; and second, it disseminates results and encourages interest in the topic. The volume contains original research on coordination including general game-theoretic questions, particular coordination issues within specific fields of economics (i.e. industrial organization, international trade, and macroeconomics), and experimental research.

List of Contributors
Preface
Introductionp. 1
Introduction and Overviewp. 3
A Review of Refinements, Equilibrium Selection, and Repeated Gamesp. 17
Coordination in Games: A Surveyp. 49
General Issues in Coordinationp. 67
Incorporating Behavioral Assumptions into Game Theoryp. 69
On the Concepts of Strategy and Equilibrium in Discounted Repeated Gamesp. 89
The "Folk Theorem" for Repeated Games and Continuous Decision Rulesp. 103
Alternative Institutions for Resolving Coordination Problems: Experimental Evidence on Forward Induction and Preplay Communicationp. 129
Coordination in Specific Economic Contextsp. 147
The Dynamics of Bandwagonsp. 149
Dynamic Tariff Games with Imperfect Observabilityp. 185
Coordination Theory, The Stag Hunt, and Macroeconomicsp. 207
Subject indexp. 227
Author indexp. 229
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780792393818
ISBN-10: 0792393813
Series: Recent Economic Thought
Audience: General
Format: Hardcover
Language: English
Number Of Pages: 230
Published: 31st December 1993
Publisher: SPRINGER VERLAG GMBH
Country of Publication: US
Dimensions (cm): 22.86 x 15.24  x 1.75
Weight (kg): 0.53

Earn 519 Qantas Points
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