作者：Szkup, Michal
作者单位：University of British Columbia
摘要：This paper provides a general analysis of comparative statics results in global games. I show that the effect of a change in any parameter of a global game model of regime change can be decomposed into a direct effect, which captures the effect of a change in parameters when agents' beliefs are held constant, and a multiplier effect, which captures the role of adjustments in agents' beliefs. I characterize conditions under which the multiplier effect is strong and relate it to the strength of ...
