"failure" in inglés with examples - Collocation dictionary inglés
- Waste occurs because of coordination failures (In the early days of railroads each line had a different gauge).
- If competitors' products are not interoperable (due to causes such as patents, trade secrets or coordination failures), the result may well be monopoly or market failure.
- Diamond's model was of interest to New Keynesian economists who saw it as potential source of coordination failure, which could cause markets to fail to clear.
- In such a scenario, economic downturns appear to be the result of coordination failure: The invisible hand fails to coordinate the usual, optimal, flow of production and consumption.
- As in other cases of coordination failure, Diamond's model has multiple equilibria, and the welfare of one agent is dependent on the decisions of others.
- Other potential sources of coordination failure include self-fulfilling prophecies.
- The "tragedy of the anticommons" covers a range of coordination failures including patent thickets, submarine patents, and nail houses.
- In economics, coordination failure is a concept that can explain recessions through the failure of firms and other price setters to coordinate.
- In an economic system with multiple equilibria, coordination failure occurs when a group of firms could achieve a more desirable equilibrium but fail to because they do not coordinate their decision making.
- Models of coordination failure can have multiple equilibria.
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