Roos, Michael W. M.; Beugnot, Julie; Gürgüç, Zeynep; … - 2010
searches for mechanisms to attain coordination on the efficient equilibrium, we consider sunspots as a potential reason for …-dominant equilibrium, but in the sunspot treatment, dis-coordination is frequent. Sunspots lead to significant inefficiency, and we … conclude that sunspots can indeed cause coordination failure. …