private provision of public goods. We examine whether reciprocity can resolve the associated coordination problem. The …

contrast, uncertainty about the catastrophic threshold typically causes coordination to collapse. Whether the probability …

Global Games approach we can solve this coordination problem and eliminate the problem of multiple equilibria. We show how …

In currency exchange markets, there is a conflict between individual decisions and the socially optimal solution …. Whereas agents have a coordination motive to take the same position, at the social level effective market coordination per se …

only the material, economic welfare costs of conflict stemming from the altered path of consumption resulting from conflict …-peaceful world. But how much would individual be willing to pay to avoid just the economic costs of conflict? Remarkably, even these … pure economic welfare losses from conflict are quite large. I find that, on average, individuals who live in a country that …

can reverse a country’s apparent comparative advantage relative to its comparative advantage in the absence of conflict …. And, where such conflict is present, comparisons of autarkic prices to world prices could be inaccurate predictors of …

We investigate situations in which players make costly contributions as group members in a group conflict, and at the … asymmetry and complementarity in members’ efforts, and analyze how each group’s internal conflict in-fluences its chance of … winning in the external conflict. We find that a more symmetric group may expend more effort in external conflict when the …