Showing 1 - 10 of 293
We show that inefficiencies from having separate markets to correct an environmental externality are significantly mitigated when firms participate in an integrated product market. Firms take into account the distribution of externality prices and reallocate output from markets with high prices...
Persistent link: https://www.econbiz.de/10012922220
Global games of regime change -- that is, coordination games of incomplete information in which a status quo is …
Persistent link: https://www.econbiz.de/10013216888
interacts with economic behavior in various different situations, including games of common interest, coordination, asset …
Persistent link: https://www.econbiz.de/10012760581
-stakes environment. For most others, improved coordination implies a drastic decline in monetary winnings. Prior to playing the social …
Persistent link: https://www.econbiz.de/10013232880
transparency is optimal. This is because more transparency facilitates more effective coordination, which is valuable from a social … ambiguity becomes optimal if there is a high risk that more transparency will lead to coordination failures …
Persistent link: https://www.econbiz.de/10013124660
uniqueness of the equilibrium. In line with Keynesian thinking, these fluctuations may be attributed to "coordination failures …
Persistent link: https://www.econbiz.de/10013124854
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 …
Persistent link: https://www.econbiz.de/10013088406
This paper places current efforts at international economic policy coordination in historical perspective. It argues …
Persistent link: https://www.econbiz.de/10013091942
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 …
Persistent link: https://www.econbiz.de/10012764834
need for policy coordination: the specific choice of monetary policy limits the set of fiscal policies consistent with …
Persistent link: https://www.econbiz.de/10012769881