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Global games of regime change – coordination games of incomplete information in which a status quo is abandoned once a … ; coordination ; multiple equilibria ; information dynamics ; crises …
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-proofness ; Externality ; Coordination ; Uniformity …
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I consider a flexible framework of strategic interactions under incomplete information in which, prior to committing their actions (consumption, production, or investment decisions), agents choose the attention to allocate to an arbitrarily large number of information sources about the primitive...
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This paper examines the ability of a policy maker to control equilibrium outcomes in a global coordination game … into a position where both the optimal policy and the coordination outcome are dictated by self-fulfilling market …
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