Problems of Coordination in Economic Activity

By: James W. Friedman (Editor)

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Hardcover | 31 December 1993

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244 Pages

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24.13 x 16.51 x 1.91

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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.

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Non-Fiction Mathematics Optimisation Game Theory Economics Macroeconomics Business & Management Operational Research Econometrics Economic Theory & Philosophy Gardening Industry & Industrial Studies

List of Contributors
Preface
Introduction	p. 1
Introduction and Overview	p. 3
A Review of Refinements, Equilibrium Selection, and Repeated Games	p. 17
Coordination in Games: A Survey	p. 49
General Issues in Coordination	p. 67
Incorporating Behavioral Assumptions into Game Theory	p. 69
On the Concepts of Strategy and Equilibrium in Discounted Repeated Games	p. 89
The "Folk Theorem" for Repeated Games and Continuous Decision Rules	p. 103
Alternative Institutions for Resolving Coordination Problems: Experimental Evidence on Forward Induction and Preplay Communication	p. 129
Coordination in Specific Economic Contexts	p. 147
The Dynamics of Bandwagons	p. 149
Dynamic Tariff Games with Imperfect Observability	p. 185
Coordination Theory, The Stag Hunt, and Macroeconomics	p. 207
Subject index	p. 227
Author index	p. 229
Table of Contents provided by Blackwell. All Rights Reserved.

Problems of Coordination in Economic Activity

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Hardcover

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