present an experiment on a coordination game in which extrinsic random signals may generate sunspot equilibria. They measure … the risk-dominant equilibrium. -- coordination games ; strategic uncertainty ; sunspot equilibria ; irrelevant information …

from generalist to specialist production of subsistence goods as one requiring economic coordination under the support of a …

present an experiment on a coordination game in which extrinsic random signals may generate sunspot equilibria. They measure …

In a “Hayekian world,” the market is a competitive exchange network that continuously solves a coordination problem. In …

coordination failure among buyers: buyers' waiting to trade at a lower price tomorrow, can lead to a collapse in the price and …' decisions to wait. This complementarity makes competitive markets prone to coordination failures and fire-sales accompanied by a …