Showing 1 - 2 of 2
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...
Persistent link: https://www.econbiz.de/10013189003
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...
Persistent link: https://www.econbiz.de/10012637390