Transparency of Information and Coordination in Economies with Investment Complementarities
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چکیده
Transparency of Information and Coordination in Economies with Investment Complementarities Author(s): George-Marios Angeletos and Alessandro Pavan Source: The American Economic Review, Vol. 94, No. 2, Papers and Proceedings of the One Hundred Sixteenth Annual Meeting of the American Economic Association San Diego, CA, January 3-5, 2004 (May, 2004), pp. 91-98 Published by: American Economic Association Stable URL: http://www.jstor.org/stable/3592863 Accessed: 26/08/2009 11:18
منابع مشابه
Transparency of Information and Coordination in Economies with Investment Complementarities* George-Marios Angeletos MIT and NBER
Economies with production externalities, demand spillovers, incomplete financial markets, and Keynesian frictions are only a few examples where macroeconomic complementarities play a prominent role. Within this class of economies, how does the precision of publicly provided and privately collected information affect equilibrium allocations and social welfare? And what is the optimal transparenc...
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