How do public and private information affect equilibrium allocations and social welfare in economies with investment … perverse effect of increasing aggregate volatility. Nevertheless, as long as there is no value to lotteries, welfare … transparency is optimal. This is because more transparency facilitates more effective coordination, which is valuable from a social …

Global games of regime change -- that is, coordination games of incomplete information in which a status quo is …

uniqueness of the equilibrium. In line with Keynesian thinking, these fluctuations may be attributed to "coordination failures …

affecting IT's value and explore underlying mechanisms through which IT facilitates the coordination of labor inputs. We link … case mix. We decompose the impact of health IT into care coordination, clinical information management, and other … coordination and extensive clinical information management …

This paper places current efforts at international economic policy coordination in historical perspective. It argues …

coordination costs fell during this period. We then propose a quot;hierarchical production functionquot; in which output is the … that coordination costs fell broadly and steadily during this period, so that hiring one's first associate leveraged a …

need for policy coordination: the specific choice of monetary policy limits the set of fiscal policies consistent with …

We develop a political-economy model of economic union and compare the competion regime to the coordination regime. Key … policy differences emerge between the two regimes: concerning the generosity of the welfare state and the skill composition … of migration. We argue that the differences between the U.S. and the EU - the degree of coordination among the member …