Construct · 1 fields · 1 citations

coordination failure: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
coordinationfailure1 CONSTRUCTCoordination failureCOOPER · MACROECONOMICS

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Macroeconomics

an outcome in which strategic complementarities support several equilibria, and the economy settles at one where all agents are worse off.

In macroeconomics, coordination failure refers to an outcome in which strategic complementarities support several equilibria, and the economy settles at one where all agents are worse off. This meaning comes from Cooper (1988) in The Quarterly Journal of Economics.[1]

Unit
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Nearby constructs

cooper1 fields · 2 citationsanchor · a standalone constructcoordination4 fields · 4 citationsjingle · one word, four constructsfailure4 fields · 6 citationsjingle · one word, four constructs

References

  1. Cooper, R., & John, A. (1988). Coordinating Coordination Failures in Keynesian Models. The Quarterly Journal of Economics, 103(3), 441. https://doi.org/10.2307/1885539

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