Includes bibliographical references (pages 153-160) and index.
1. Experimental Evidence and Selection -- 2. A Framework for Analysis -- 3. Technological Complementarities -- 4. Imperfect Competition and Demand Spillovers -- 5. Thick Markets: Search and Matching -- 6. Timing of Discrete Choices -- 7. Government Policy -- 8. Concluding Thoughts.
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This book studies the implications of macroeconomic complementarities for aggregate behavior. The presentation is intended to introduce Ph. D. students into this subfield of macroeconomics and to serve as a reference for more advanced scholars. The initial sections of the book cover the basic framework of complementarities and provide a discussion of the experimental evidence on the outcome of coordination games. The subsequent sections of the book investigate applications of these ideas for macroeconomics.