Problems of Coordination in Economic Activity
Author:   James W. Friedman
Publisher:   Springer
Edition:   Softcover reprint of the original 1st ed. 1994
Volume:   35
ISBN:  

9789401046138


Pages:   230
Publication Date:   12 October 2012
Format:   Paperback
Availability:   Manufactured on demand   Availability explained
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Problems of Coordination in Economic Activity


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Overview

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.

Full Product Details

Author:   James W. Friedman
Publisher:   Springer
Imprint:   Springer
Edition:   Softcover reprint of the original 1st ed. 1994
Volume:   35
Dimensions:   Width: 15.20cm , Height: 1.30cm , Length: 22.90cm
Weight:   0.362kg
ISBN:  

9789401046138


ISBN 10:   9401046131
Pages:   230
Publication Date:   12 October 2012
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Manufactured on demand   Availability explained
We will order this item for you from a manufactured on demand supplier.

Table of Contents

I Introduction.- 1 Introduction and Overview.- 2 A Review of Refinements, Equilibrium Selection, and Repeated Games.- 3 Coordination in Games: A Survey.- II General Issues in Coordination.- 4 Incorporating Behavioral Assumptions into Game Theory.- 5 On the Concepts of Strategy and Equilibrium in Discounted Repeated Games.- 6 The “Folk Theorem” for Repeated Games and Continuous Decision Rules.- 7 Alternative Institutions for Resolving Coordination Problems: Experimental Evidence on Forward Induction and Preplay Communication.- III Coordination in Specific Economic Contexts.- 8 The Dynamics of Bandwagons.- 9 Dynamic Tariff Games with Imperfect Observability.- 10 Coordination Theory, The Stag Hunt, and Macroeconomics.- Author index.

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