Myatt, David P.; Wallace, Christopher - 2008
deviations of output away
from the natural rate.) Each island sector receives (possibly many) noisy signals of the
true value of … natural output in each sector (Section 5). This
gap is zero in expectation, but unless the underlying fundamental is commonly …. Firstly, it exploits the theory of
potential games (Monderer and Shapley, 1996; Voorneveld, 1997; Sandholm, 2001; Ui,
2008) to …