. Examples include market entry games, coordination games, and the bar-room game depicted in the movie 'A Beautiful Mind'. The …

Lougheed (1972)), transaction costs considerations (Redish (1992)), or political economy forces (Gallarotti (1990)). This paper … `transaction costs' and `political economy' theories. Finally, we provide an alternative explanation of the emergence of the gold …-dependency and coordination problems. Second, we claim that the very process through which the gold standard was adopted played a …

underlying agency problem. Moreover, the benefits and costs of integration originate from the same problem: to allocate resources …

costs of exclusion. Accounting for the observation that buyers are more likely to accept an exclusive deal the higher is the …

world-wide monetary policy coordination is essential to achieve an optimal adjustment to the common shock, but that its … the coordination agreement. We then construct alternative coordination mechanisms which implement the first-best response …

model but less so in the 2-way flow model. Finally, costs of a direct link have a positive impact on the occurrence of …