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Coordinating Thoughts on Coordination Failures Author info | Abstract | Publisher info | Download info | Related research | Statistics Herings,P. Jean-Jacques (METEOR)
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Coordination failures constitute an alternative explanation for underemployment that complements the Keynesian and neo-classical views. The paper proposes to distinguish three classes of models with coordination failures. The classes are formed by strategic models with or without a coordinating role for prices, and general equilibrium models. The main insights resulting for each class of models are exhibited. It is argued that coordination failures are likely to arise in a decentralized economy, even under conditions where perfect competition could prevail. The paper concludes by pointing out several promising directions for future research.
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Paper provided by Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization in its series Research Memoranda with number
018.
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Date of creation: 2001Date of revision:
Handle: RePEc:dgr:umamet:2001018Contact details of provider: Web page: http://edocs.ub.unimaas.nl/
For technical questions regarding this item, or to correct its listing, contact: (Willy Villevoye).
Keywords: microeconomics Other versions of this item:
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Bulow, Jeremy I & Geanakoplos, John D & Klemperer, Paul D, 1985.
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"Fuzzy Play, Matching Devices and Coordination Failures ,"
Research Memoranda
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P.Jean-Jacques Herings & Ana Mauleon & Vincent Vannetelbosch, 2002.
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Herings,P. Jean-Jacques & Kanning,Arnald J., 2002.
"Unifying Commercial Laws of Nation-States Coordination of Legal Systems and Economic Growth ,"
Research Memoranda
027, Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization.
[Downloadable!]
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