Coordination Games [Paperback]

This 1999 book covers a branch of macroeconomics in which inefficiencies arise from the interaction of agents.This book covers a branch of macroeconomics in which inefficiencies arise from the interaction of agents. Its main purpose is to synthesize the main findings in this field of research. The presentation of style is to present a detailed model in its entirety and then to present related economic models within the structure. The discussion includes both theory and quantitative analysis. In particular, the book presents experimental evidence on coordination games, a general discussion of supermodular games and applications of interest to macroeconomists.This book covers a branch of macroeconomics in which inefficiencies arise from the interaction of agents. Its main purpose is to synthesize the main findings in this field of research. The presentation of style is to present a detailed model in its entirety and then to present related economic models within the structure. The discussion includes both theory and quantitative analysis. In particular, the book presents experimental evidence on coordination games, a general discussion of supermodular games and applications of interest to macroeconomists.This book studies the implications of macroeconomic complementarities for aggregate behavior. The presentation is intended to introduce Ph.D. students into this sub-field of macroeconomics and to serve as a reference for more advanced scholars. The initial sections of the book cover the basic framework of complementarities and provide a discussion of the experimental evidence on the outcome of coordination games. The subsequent sections of the book investigate applications of these ideas for macroeconomics. The topics Professor Cooper explores include: economies with production complementarities, search models, imperfectly competitive product markets, models of timing and delay and the role of government in resolving and creating coordination problems.Introduction; 1ló&