Gary B Gorton
Biographic Data
| ID | 5737666 |
|---|---|
| NAME | Gary B Gorton |
| GIVEN NAMES | Gary B |
| FAMILY NAME | Gorton |
| SIGNATURE | GORTON G B |
| AFFILIATIONS | University of Pennsylvania |
| VERIFIED | No |
| TOTAL WORKS | 2 |
| TOTAL CITATIONS | 1 |
| AUTHOR COUNT | 2 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1993 |
| LATEST PUBLICATION YEAR | 1993 |
| H-INDEX | 1 |
Coordination Failure, Multiple Equilibria and Economic Institutions
Models of coordination failure have equilibria that are not first-best because of externalities. Usually these models display multiple equilibria. We provide an example of how the existence of some economic institutions and government policies can be explained as mechanisms for internalizing externalities and selecting the best equilibrium in these settings. The example we analyze is that of nominal wage and debt contracts. Nominal contracts can …
Trading, Communication and the Response of Asset Prices to News
Journal Article Trading, Communication and the Response of Asset Prices to News Get access James Dow, James Dow London Business School Search for other works by this author on: Oxford Academic Google Scholar Gary Gorton Gary Gorton Wharton School, University of Pennsylvania Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 103, Issue 418, 1 May 1993, Pages 639–646, https://doi.org/10.2307/223453…
Trading, Communication and the Response of Asset Prices to News
Journal Article Trading, Communication and the Response of Asset Prices to News Get access James Dow, James Dow London Business School Search for other works by this author on: Oxford Academic Google Scholar Gary Gorton Gary Gorton Wharton School, University of Pennsylvania Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 103, Issue 418, 1 May 1993, Pages 639–646, https://doi.org/10.2307/223453…
Coordination Failure, Multiple Equilibria and Economic Institutions
Models of coordination failure have equilibria that are not first-best because of externalities. Usually these models display multiple equilibria. We provide an example of how the existence of some economic institutions and government policies can be explained as mechanisms for internalizing externalities and selecting the best equilibrium in these settings. The example we analyze is that of nominal wage and debt contracts. Nominal contracts can …
Trading, Communication and the Response of Asset Prices to News
Journal Article Trading, Communication and the Response of Asset Prices to News Get access James Dow, James Dow London Business School Search for other works by this author on: Oxford Academic Google Scholar Gary Gorton Gary Gorton Wharton School, University of Pennsylvania Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 103, Issue 418, 1 May 1993, Pages 639–646, https://doi.org/10.2307/223453…
Computer Science (2 works) · Economics (2 works) · Asset (computer security (1 works) · Auditing, Earnings Management, Governance (1 works) · Banking stability, regulation, efficiency (1 works) · Coordination failure (1 works) · Coordination game (1 works) · Debt (1 works) · Economic theories and models (1 works) · Economic Theory and Policy (1 works)