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https://hdl.handle.net/10419/19134
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Englmaier, Florian | en |
dc.contributor.author | Reisinger, Markus | en |
dc.date.accessioned | 2009-01-28T15:55:17Z | - |
dc.date.available | 2009-01-28T15:55:17Z | - |
dc.date.issued | 2006 | - |
dc.identifier.uri | http://hdl.handle.net/10419/19134 | - |
dc.description.abstract | The industrialization process of a country is often plagued by a failure to coordinateinvestment decisions. Using the Global Games approach we can solve this coordinationproblem and eliminate the problem of multiple equilibria. We show how appropriateinformation provision enhances efficiency. We discuss extensions of the model and argue thatsubsidies may be a property of a signalling equilibrium to overcome credibility problems ininformation provision. In addition we point out possible problems with overreaction to publicinformation. Furthermore, we suggest a new focus for development policy. | en |
dc.language.iso | eng | en |
dc.publisher | |aCenter for Economic Studies and ifo Institute (CESifo) |cMunich | en |
dc.relation.ispartofseries | |aCESifo Working Paper |x1670 | en |
dc.subject.jel | C72 | en |
dc.subject.jel | F21 | en |
dc.subject.jel | D82 | en |
dc.subject.jel | O14 | en |
dc.subject.jel | O12 | en |
dc.subject.jel | C79 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | information | en |
dc.subject.keyword | coordination | en |
dc.subject.keyword | industrialization | en |
dc.subject.keyword | development | en |
dc.subject.keyword | global games | en |
dc.subject.keyword | equilibrium refinements | en |
dc.subject.keyword | big push | en |
dc.subject.stw | Industrialisierung | en |
dc.subject.stw | Investition | en |
dc.subject.stw | Nichtkooperatives Spiel | en |
dc.subject.stw | Investitionspolitik | en |
dc.subject.stw | Entwicklungspolitik | en |
dc.subject.stw | Gleichgewicht | en |
dc.title | Information, coordination, and the industrialization of countries | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 510022723 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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