Coordination failure caused by sunspots

In a coordination game with Pareto-ranked equilibria, we study whether a sunspot can lead to either coordination on an inferior equilibrium (mis-coordination) or to out-of equilibrium behavior (dis-coordination). While much of the literature searches for mechanisms to attain coordination on the effi...

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Bibliographic details
Main Author: Gurguc, Z
Beugnot, J
Øvlisen, F
Roos, M
Format: Journal Article
Language: English
Place of publication: Economics Bulletin 12.10.2012
Data of publication: 2012-10-12
ISSN: 1545-2921
EISSN: 1545-2921
Discipline: Economics
Bibliography: 1545-2921
Economics Bulletin
Online Access: Fulltext
Database: Spiral
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