Journal ArticleDOI
A Simple Rational Expectations Keynes-type Model
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This article is published in Quarterly Journal of Economics.The article was published on 1983-08-01. It has received 297 citations till now. The article focuses on the topics: Rational expectations & Ecological rationality.read more
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Journal ArticleDOI
Rationalizability, Learning, and Equilibrium in Games with Strategic Complementarities
Paul Milgrom,John Roberts +1 more
TL;DR: In this article, a rich class of non-cooperative games, including models of oligopoly competition, macroeconomic coordination failures, arms races, bank runs, technology adoption and diffusion, R&D competition, pretrial bargaining, coordination in teams, and many others, are studied.
Journal ArticleDOI
Coordinating Coordination Failures in Keynesian Models
Russell Cooper,Andrew John +1 more
TL;DR: In this paper, the importance of strategic complementarities in agents' payoff functions as a basis for macroeconomic coordination failures is discussed, where the optimal strategy of an agent depends positively upon the strategies of the other agents.
Journal ArticleDOI
Discrete Choice with Social Interactions
TL;DR: An analysis of aggregate behavioural outcomes when individual utility exhibits social interaction effects in generalized logistic models of individual choice which incorporate terms reflecting the desire of individuals to conform to the behaviour of others in an environment of noncooperative decisionmaking is provided.
Posted Content
Tacit coordination games, strategic uncertainty, and coordination failure
Book ChapterDOI
Global Games: Theory and Applications
Stephen Morris,Hyun Song Shin +1 more
TL;DR: In this article, Mertens and Zamir have shown how one can give a complete description of the "type" of a player in an incomplete information game in terms of a full hierarchy of beliefs at all levels.