Economic policy in the presence of coordination problems

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Abstract

This paper discusses the conduct of government policy in coordination games. In economic situations with multiple equilibria, government intervention may be valuable to overcome coordination problems and to internalize externalities. Yet, the design of optimal interventions is made more difficult by the presence of strategic complementarities and multiple equilibria.

Original languageEnglish (US)
JournalRevue d'Economie Politique
Volume115
Issue number4
DOIs
StatePublished - Jan 1 2005

All Science Journal Classification (ASJC) codes

  • Political Science and International Relations

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