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

This paper is an exploration of the theory of endogenous regime changes which takes as an illustration the making of …-dependency and coordination problems. Second, we claim that the very process through which the gold standard was adopted played a …

We develop a theory of firm scope in which integrating two firms into one facilitates the allocation of resources, but … leads to weaker incentives for effort, compared with non-integration. Our theory makes minimal assumptions about the … integration or non-integration is optimal. Our theory thus provides a simple answer to Williamson's 'selective …

The theory of optimal currency areas states that a single currency zone should have symmetry of shocks and structures …

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 …