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Are conventions solutions to uncertainty? contrasting visions of social coordination

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  • John Latsis
  • Guillemette de Larquier
  • Franck Besis

Abstract

In recent years, there has been an increase in research on conventions motivated by the game-theoretic contributions of the philosopher David Lewis. Prior to this surge in interest, discussions of convention in economics had been tied to the analysis of John Maynard Keynes's writings. These literatures are distinct and have very little overlap. Yet this confluence of interests raises interesting methodological questions. Does the use of a common term, convention, denote a set of shared concerns? Can we identify what differentiates the game theoretic models from the Keynesian ones? This paper maps out the three most developed accounts of convention within economics and discusses their relations with each other in an attempt to provide an answer.

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Bibliographic Info

Article provided by M.E. Sharpe, Inc. in its journal Journal of Post Keynesian Economics.

Volume (Year): 32 (2010)
Issue (Month): 4 (July)
Pages: 535-558

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Handle: RePEc:mes:postke:v:32:y:2010:i:4:p:535-558

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Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=109348

Related research

Keywords: conventions; coordination; économie des conventions; game theory; uncertainty;

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Cited by:
  1. repec:hal:journl:halshs-00747895 is not listed on IDEAS
  2. Géraldine Rieucau & Marie Salognon, 2012. "When the first interaction matters : Recruitment in the French retailing," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00747895, HAL.
  3. repec:hal:wpaper:halshs-00825180 is not listed on IDEAS
  4. Géraldine Rieucau & Marie Salognon, 2012. "When the first interaction matters: Recruitment in the French retailing," Documents de travail du Centre d'Economie de la Sorbonne, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne 12061, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
  5. Géraldine Rieucau & Marie Salognon, 2012. "When the first interaction matters: Recruitment in the French retailing," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00825180, HAL.

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