Socially Optimal Coordination: Characterization and Policy Implications
نویسندگان
چکیده
منابع مشابه
Socially Optimal Coordination: Characterization and Policy Implications
In recent years there has been a growing interest in macro models with heterogeneity in information and complementarity in actions. These models deliver promising positive properties, such as heightened inertia and volatility. But they also raise important normative questions, such as whether the heightened inertia and volatility are socially undesirable, whether there is room for policies that...
متن کاملNBER WORKING PAPER SERIES SOCIALLY OPTIMAL COORDINATION: CHARACTERIZATION AND POLICY IMPLICATIONS George-Marios Angeletos
This paper was prepared for the 2006 meeting of the European Economic Association in Vienna. We are grateful to NSF for financial support (collaborative research grants SES-0519069 and SES-0518810). The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research. ABSTRACT In recent years there has been a growing interest...
متن کاملSocially Optimal
This paper provides a welfare economic analysis of the problem of districting. In the context of a simple micro-founded model intended to capture the salient features of U.S. politics, it studies how a social planner should allocate citizens of different ideologies across districts to maximize aggregate utility. In the model, districting determines the equilibrium seat-vote curve which is the r...
متن کاملSocially-aware lightweight coordination infrastructures
Coordination infrastructures have played a central role in the engineering of multi-agent systems (MAS). Although MAS research has produced a number of notable coordination infrastructures of varying features, these have been mainly conceived to host software agents and to facilitate multi-agent programming. Thus, human agents have been mostly kept out of the picture, hence hindering the use of...
متن کاملSocially Optimal Mining Pools
Mining for Bitcoins is a high-risk high-reward activity. Miners, seeking to reduce their variance and earn steadier rewards, collaborate in so-called pooling strategies where they jointly mine for Bitcoins. Whenever some pool participant is successful, the earned rewards are appropriately split among all pool participants. Currently a dozen of different pooling strategies (i.e., methods for dis...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2007
ISSN: 1556-5068
DOI: 10.2139/ssrn.952024