I really have a lot of sympathy tho for anyone trying to “change the equilibrium single-handedly”, even if it’s not likely to succeed.
I’m not sure I’d every expect the equilibrium to change otherwise!
Are there specific obstacles to ‘moving to a new equilibrium’ that you’d also expect to no longer apply at any specific point in the future?
My intuition is that it’s most likely to be disrupted or changed because of a significant ‘defection’ and not because of some future coordination.
I really have a lot of sympathy tho for anyone trying to “change the equilibrium single-handedly”, even if it’s not likely to succeed.
I’m not sure I’d every expect the equilibrium to change otherwise!
Are there specific obstacles to ‘moving to a new equilibrium’ that you’d also expect to no longer apply at any specific point in the future?
My intuition is that it’s most likely to be disrupted or changed because of a significant ‘defection’ and not because of some future coordination.