Problems of Coordination in Economic Activity

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Problems of Coordination in Economic Activity is written by James W. Friedman and published by Springer Science & Business Media. It's available with International Standard Book Number or ISBN identification 940111398X (ISBN 10) and 9789401113984 (ISBN 13).

Coordination is extremely important in economic, political, and social life. The concept of economic equilibrium is based on the coordination of producers and consumers in buying and selling. This book reviews the topic of coordination from an economic, theoretical standpoint. The aim of this volume is twofold: first, the book contributes to the ongoing research on the economics of coordination; and second, it disseminates results and encourages interest in the topic. The volume contains original research on coordination including general game-theoretic questions, particular coordination issues within specific fields of economics (i.e. industrial organization, international trade, and macroeconomics), and experimental research.