suggests that cascades which induce massive equilibrium changes are more likely to occur in regimes with centralized coercive … to trigger a cascade to a vastly different equilibrium. The model is applied to the severity of protests that followed … austerity measures taken in developing nations since the 1970s. …

During Egypt's Arab Spring, unprecedented popular mobilization and protests brought down Hosni Mubarak's government and … military, and the Islamist Muslim Brotherhood. Street protests continued to play an important role during this power struggle …. We show that these protests are associated with differential stock market returns for firms connected to the three groups …