Information aggregation and equilibrium multiplicity : Morris-Shin meets Grossman-Stiglitz /

This paper argues that adding endogenous information aggregation to situations where coordination is important - such as riots, self-fulfilling currency crises, bank runs, debt crises or financial crashes - yields novel insights into the multiplicity of equilibria. Morris and Shin (1998) have highli...

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Bibliographic Details
Main Author: Angeletos, Marios
Corporate Author: Massachusetts Institute of Technology Department of Economics
Other Authors: Werning, Iván
Format: Book
Language:English
Published: Cambridge, MA : Massachusetts Institute of Technology, Dept. of Economics, [2004]
Series:Working paper (Massachusetts Institute of Technology. Department of Economics) ; no. 04-14
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Massachusetts Institute of Technology

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Call Number: HB31.M415 no.04-14