Problems of Coordination in Economic Activity

Buch | Softcover

230 Seiten

2012 | Softcover reprint of the original 1st ed. 1994
Springer (Verlag)
978-94-010-4613-8 (ISBN)

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Coordination is extremely important in economic, political, and social life. The volume contains original research on coordination including general game-theoretic questions, particular coordination issues within specific fields of economics (i.e.

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.

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.

Erscheint lt. Verlag	12.10.2012
Reihe/Serie	Recent Economic Thought ; 35
Zusatzinfo	X, 230 p.
Verlagsort	Dordrecht
Sprache	englisch
Themenwelt	Sachbuch/Ratgeber ► Natur / Technik ► Garten
	Wirtschaft ► Allgemeines / Lexika
	Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
	Wirtschaft ► Volkswirtschaftslehre ► Ökonometrie
ISBN-10	94-010-4613-1 / 9401046131
ISBN-13	978-94-010-4613-8 / 9789401046138
Zustand	Neuware