affects its policy decision. We show that the learning process gives rise to coordination motives among speculators leading to …

costs of signalling. We also study how the signalling activity and welfare on each side of the market change when we vary …

, using rules and task guidelines, and ex post coordination, using communication and broad job assignments. It shows that: (i …This paper endogenizes coordination problems in organizations by allowing for both ex ante coordination of activities … coordination. In particular, specialization is often non-monotonic in the importance of coordination. (ii) Organizations exhibit …

-unit managers’ authority. Realizing synergies then involves a tradeoff between motivation and coordination. Motivating managers …