Coordinating Coordination Failures in Keynesian Models
From MaRDI portal
Publication:3792445
DOI10.2307/1885539zbMath0647.90014OpenAlexW2132499788WikidataQ55880822 ScholiaQ55880822MaRDI QIDQ3792445
No author found.
Publication date: 1988
Published in: The Quarterly Journal of Economics (Search for Journal in Brave)
Full work available at URL: https://cowles.yale.edu/sites/default/files/files/pub/d07/d0745-r.pdf
multiple equilibriastrategic complementaritiesabstract gameagent's payoff functionsmacroeconomic coordination failuresmultiplier processmultisector, imperfectly competitive economy
Related Items (only showing first 100 items - show all)
Real option value and poverty trap ⋮ Business confidence and depression prevention. A micro-macroeconomic perspective ⋮ The differential impact of friendship on cooperative and competitive coordination ⋮ Global Warming with Green and Brown Consumers ⋮ The optimal strategy in the minimum effort game ⋮ Coordination and private information revelation ⋮ Three departures from maximizing behavior and their Keynesian features: A simple exposition ⋮ Monotone equilibria in Bayesian games of strategic complementarities ⋮ Cognitive ability and the effect of strategic uncertainty ⋮ The value of a coordination game ⋮ Dynamic coordination games ⋮ A cobweb model with local externalities ⋮ Aggregate fluctuations with increasing returns to specialization and scale ⋮ Poverty trap and growth with public goods ⋮ Social interaction and conformism in a random utility model ⋮ Why does democracy need education? ⋮ Equilibria in systems of social interactions ⋮ When more flexibility yields more fragility: the microfoundations of Keynesian aggregate unemployment ⋮ Incentive monotonicity and equilibrium selection in \(2\times 2\) matrix games ⋮ An incomplete markets model of business cycles ⋮ Price stickiness and markup variations in market games ⋮ Can consumption habit spillovers be a source of equilibrium indeterminacy? ⋮ A strong correspondence principle for smooth, monotone environments ⋮ Promises and endogenous reneging costs ⋮ Contagion exposure and protection technology ⋮ Can small menu costs explain sticky prices? ⋮ Fixed cost assumptions in industrialisation theories ⋮ Is knowledge curse or blessing in pure coordination problems? ⋮ Overthrowing the dictator: a game-theoretic approach to revolutions and media ⋮ Externality effects in the formation of societies ⋮ Symmetry-breaking in two-player games via strategic substitutes and diagonal nonconcavity: a synthesis ⋮ Volatility, growth, and welfare ⋮ Specialization and the big push ⋮ Nash equilibrium with strategic complementarities ⋮ Differential games with nonconvexities and positive spillovers ⋮ Information acquisition interactions in two-player quadratic games ⋮ Big shocks versus small shocks in a dynamic stochastic economy with many interacting agents ⋮ Imitation and the role of information in overcoming coordination failures ⋮ Time consistent monetary policy with endogenous price rigidity ⋮ A SIMPLE MODEL OF KEYNESIAN UNEMPLOYMENT ⋮ Aggregation in a model of price competition ⋮ Demand Dynamics in a Psycho-Socio-Economic Evolving Network of Consumers ⋮ Equilibrium selection through incomplete information in coordination games: an experimental study ⋮ Endogenous fertility, multiple growth paths, and economic convergence ⋮ Multivariate prevention decisions: safe today or sorry tomorrow? ⋮ Macroeconomic performance and wage setting level in symmetric non-cooperative games ⋮ Network structures and poverty traps ⋮ On stochastic games in economics ⋮ Upstream intergenerational transfers in economic development: the role of family ties and their cultural transmission ⋮ Social interactions within a dynamic competitive economy ⋮ Dynamic entry in vertically differentiated markets ⋮ An evolutionary interpretation of Van Huyck, Battalio, and Beil's experimental results on coordination ⋮ Local trade networks and spatially persistent unemployment ⋮ Big shocks versus small shocks in a dynamic stochastic economy with many interacting agents ⋮ A rational inattention unemployment trap ⋮ A conditional Curie-Weiss model for stylized multi-group binary choice with social interaction ⋮ Cultural norms, the persistence of tax evasion, and economic growth ⋮ Investment dynamics with common and private values ⋮ The economics of poverty traps. I: Complete markets ⋮ A theory of persistent income inequality. ⋮ Endogenous effort in communication networks under strategic complementarity ⋮ Information aggregation and investment cycles with strategic complementarity ⋮ Commodity money with frequent search ⋮ Minimum-effort coordination games: Stochastic potential and logit equilibrium ⋮ THE DYNAMICS OF NORMS AND CONVENTIONS UNDER LOCAL INTERACTIONS AND IMITATION ⋮ Co-ordination, spillovers, and cheap talk ⋮ Changes in risk and strategic interaction ⋮ An experimental study of costly coordination ⋮ Stationary equilibria in discounted stochastic games with weakly interacting players ⋮ Monotone games with positive spillovers ⋮ Social norms, fertility and economic development ⋮ Equilibrium with computationally constrained agents ⋮ PERSISTENCE AND VOLATILITY OF BEVERIDGE CYCLES ⋮ Are sunspots learnable? An experimental investigation in a simple macroeconomic model ⋮ Forward induction in coordination games ⋮ The anatomy of sentiment-driven fluctuations ⋮ Weak and strong monotone comparative statics ⋮ Believing when credible: talking about future intentions and past actions ⋮ Celebrating Roger Farmer ⋮ Noisy equilibrium selection in coordination games ⋮ Do multiple Nash equilibria in Markov strategies mitigate the tragedy of the commons? ⋮ Learning to Coordinate in Social Networks ⋮ Sensitivity analysis of boundary equilibria ⋮ A statistical mechanics approach to the study of energy use behaviour ⋮ Production externalities and two-way distortion in principal-multi-agent problems ⋮ Real business cycles, investment finance, and multiple equilibria ⋮ PRICE DETERMINATION IN POLYPOLISTIC MARKETS AND EXCHANGE RATE CHANGES ⋮ THE EVOLUTIONARY DYNAMICS OF FINANCIAL PRACTICES ⋮ Chaotic dynamics in quasi-static systems: Theory and applications ⋮ Overcoming inefficient lock-in in coordination games with sophisticated and myopic players ⋮ HERD BEHAVIOR AND NONFUNDAMENTAL ASSET PRICE FLUCTUATIONS IN FINANCIAL MARKETS ⋮ Indeterminacy in a model with sector-specific externalities ⋮ Productivity gaps and underemployment ⋮ Modelling social dynamics (of obesity) and thresholds ⋮ Continua of underemployment equilibria reflecting coordination failures, also at Walrasian prices ⋮ Inflation and relative price variability. ⋮ Conventions and local interaction structures: experimental evidence. ⋮ Strategic complements, substitutes, and Ambiguity: the implications for public goods. ⋮ Financial collapse: a lesson from the great depression. ⋮ Search for profits and business fluctuations: how does banks' behaviour explain cycles?
This page was built for publication: Coordinating Coordination Failures in Keynesian Models