In games with unequal equilibrium payoffs, concepts of fairness and selfishness often clash. We strucrure the approach to fairness versus selfishness as a struggle between two forces that act aon an individual's behavior.

This paper explores the effects of incomplete markets and positive spillovers on aggregate and industry output behavior. We consider an economy composed of a fixed set of infinitely-lived industries. When industries coordinate production decisions they jointly improve their productivity. Markets...