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

explain the apparent misallocation of resources with lobbying activities or power struggles. We show that diversification can … cash flow. Asymmetries in size and growth prospects increase the diversification discount. …

higher payoffs in the game when the talk is one-way as the truthful reports facilitate desired coordination. …

coordination. In a fixed interaction treatment, a vast majority of subjects quickly coordinates on the inefficient outcome. In a …

perceive a fundamental parameter with noise. We focus on 2 x 2 coordination games, which generate multiple equilibria when …

A positive relationship between firm size and product diversification is a long-standing stylized fact. However, so far … assets of firms, which affect marginal costs or perceived quality of goods within a firm s product line, play a key role for …

diversification as an essential aspect of national risk management aimed at promoting efficiency, growth, and welfare. The paper first … presents economic and political diversification side by side in a cross-country framework and discusses how they interact and … effects of insufficient economic and insufficient political diversification. Dominated for decades by the fishing industry …

. In the longer run, however, a trade-off between diversification and climate action emerges. We derive the optimal carbon …