Englmaier, Florian; Reisinger, Markus - In: CESifo economic studies : CESifo, a joint initiative of … 54 (2008) 3, pp. 534-550
The industrialization process of a country is often plagued by a failure to coordinate investment decisions. Using the Global Games approach we can solve this coordination problem and eliminate the problem of multiple equilibria. We show how appropriate information provision enhances efficiency....
