Coordination Games

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Cambridge University Press, Feb 28, 1999 - Business & Economics - 163 pages
This book studies the implications of macroeconomic complementarities for aggregate behavior. The presentation is intended to introduce Ph.D. students into this sub-field of macroeconomics and to serve as a reference for more advanced scholars. The initial sections of the book cover the basic framework of complementarities and provide a discussion of the experimental evidence on the outcome of coordination games. The subsequent sections of the book investigate applications of these ideas for macroeconomics. The topics Professor Cooper explores include: economies with production complementarities, search models, imperfectly competitive product markets, models of timing and delay and the role of government in resolving and creating coordination problems.
 

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Contents

Experimental Evidence and Selection
1
A Framework for Analysis
18
Technological Complementarities
41
Imperfect Competition and Demand Spillovers
61
Thick Markets Search and Matching
84
Timing of Discrete Choices
100
Government Policy
126
Concluding Thoughts
151
References
153
Index
161
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