Considering a pure coordination game with a large number of equivalent equilibria, we argue, first, that a focal point that is itself not a Nash equilibrium and is Pareto dominated by all Nash equilibria, may attract the players' choices. Second, we argue that such a non-equilibrium focal point...

The oligopolistic market used in Fouraker and Siegel's experiments is as simple as it can be, the purpose comparing the results of two treatments is clearly stated, while the problems confronted and the solutions applied are not different from today's. It is instructive to note how in a matter...