Sunspot Equilibrium is a coordination equilibrium in which agents' strategies and outcomes depend on an extrinsic random variable (sunspot) that does not affect preferences or endowments, thereby influencing expectations and equilibrium selection through self-fulfilling beliefs.
149
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8.6K
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178
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159
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2017–2026
7
Parents
Publications
149
David Cass, Karl Shell · Journal of Political Economy · 1983 · 998 citations
F. Clette, Leif Svalgaard, J. M. Vaquero et al. · Space Science Reviews · 2014 · 692 citations · Full text
Stationary sunspot equilibria in a finance constrained economy
Michael Woodford · Journal of Economic Theory · 1986 · 303 citations
Social Sciences, Economics, Finance +17
Learning to Believe in Sunspots
Michael Woodford · Econometrica · 1990 · 290 citations
1–5 of 149
Authors
178
- KS
10
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- GW
10
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- BM
7
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- MW
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- JB
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1–5 of 178
Institutions
159
University of Pennsylvania
Philadelphia, United States
11 h-index
12 publications
1K citations
University of Oregon
Eugene, United States
8 h-index
11 publications
421 citations
New York University
New York, United States
8 h-index
9 publications
481 citations
Cornell University
Ithaca, United States
8 h-index
9 publications
575 citations
Oregon State University
Corvallis, United States
7 h-index
7 publications
272 citations
Kyoto University
Kyoto, Japan
5 h-index
6 publications
287 citations
Columbia University
New York, United States
5 h-index
5 publications
432 citations
Northwestern University
Evanston, United States
4 h-index
4 publications
259 citations
1–8 of 159
Venues
- Journal of Economic Theory
JET · 27 publications · 1.4K citations
19
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- Solar Physics
18 publications · 365 citations
13
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- Economic Theory
9 publications · 327 citations
9
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- Journal of Economic Dynamics and Control
9 publications · 646 citations
9
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- Macroeconomic Dynamics
8 publications · 234 citations
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