CCXV.—Valency and co-ordination

Independence and Co-ordination –

* The views expressed in this paper are personal. Most outsiders tend to base their analysis of the future of the Eurosystem on the shape of the Federal Reserve System in the US. This paper argues that the US model is inappropriate. It suggests that the Eurosystem is pursuing a different arrangement, where the balance of power in the national central banks rather than in the centre may continue...

Co-ordination and Specialisation

This paper addresses the problem of division of labour as an evolutionary process in which co-ordinated agents attempt problem-solving as a search in problem space. Co-ordination stress and learning trigger adaptation but as complexity rises radical solutions are sought prompting radical organisational as well as technological change. The analytical issues involved are further explored by resor...

Co-ordination Patterns & Functional Recovery

Efficiency and Incentives in Mas Co-ordination

This paper focuses on market-like coordination mechanisms in Multi-Agent Systems (MAS) and business planning has been chosen as the application area. Several fundamental criteria are derived in order to evaluate marketlike coordination mechanisms. The central criterion is the efficient allocation of jobs to agents. Assuming a relationship between classes of operational planning problems and cer...

Uncertainty, co-ordination and path dependence

Our objective is to assess whether dynamics hinder or assist coordination in a game with strategic complementarities. We study two dynamic aspects: different agents make decisions at different points in time; and extra information about a payoff-relevant state of nature becomes available over time. We find that the dynamic resolution of information matters most for uniqueness of equilibrium. Th...