Problems of Coordination in Economic Activity

Author:   James W. Friedman
Publisher:   Springer
Edition:   1994 ed.
Volume:   35
ISBN:  

9780792393818


Pages:   230
Publication Date:   31 December 1993
Format:   Hardback
Availability:   In Print   Availability explained
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Problems of Coordination in Economic Activity


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Overview

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

Full Product Details

Author:   James W. Friedman
Publisher:   Springer
Imprint:   Springer
Edition:   1994 ed.
Volume:   35
Dimensions:   Width: 15.20cm , Height: 1.70cm , Length: 22.90cm
Weight:   1.170kg
ISBN:  

9780792393818


ISBN 10:   0792393813
Pages:   230
Publication Date:   31 December 1993
Audience:   College/higher education ,  Professional and scholarly ,  Undergraduate ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

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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