Mitkov, Yuliyan - In: Theoretical economics : TE ; an open access journal in … 20 (2025) 2, pp. 427-451
sunspots. There is a group of players wishing to coordinate on the same action and another player-the regime defender … sunspots, combined with the action of the regime defender, can be used to derive a unique coordination probability in any … equilibrium where sunspots influence actions. I show how this approach can be used to determine the probability of a sunspot …