affects its policy decision. We show that the learning process gives rise to coordination motives among speculators leading to …

. Coordination among speculators is sometimes desirable for price informativeness and investment efficiency, but speculators … coordination among speculators and study policy measures that affect patterns of coordination to improve price informativeness and …

We analyse the effect of trade spillovers and of international coordination on currency crises. To do this, we present … and the larger the set of multiple equilibria. Coordination decreases the possibility of simultaneous self …-fulfilling speculative crises in the region and reduces the set of multiple equilibria. However, regional coordination, even though welfare …

This paper compares centralized and decentralized coordination when managers are privately informed and communicate … for coordination improves horizontal communication but worsens vertical communication. As a result, no matter how … important coordination is, decentralization dominates centralization if the division managers are not too biased towards their …

play in networks is to some extent boundedly rational, in the sense that coordination is influenced by local and individual …

This paper endogenizes coordination problems in organizations by allowing for both ex ante coordination of activities …, using rules and task guidelines, and ex post coordination, using communication and broad job assignments. It shows that: (i … coordination. In particular, specialization is often non-monotonic in the importance of coordination. (ii) Organizations exhibit …