 The role of large players in global games with strategic complements and substitutesKyounghun Lee and Frederick Dongchuhl Oh Economics Letters, 2021, vol. 198, issue C Abstract: This study analyzes global games with strategic complements and substitutes where a large player influences the behavior of small players. Specifically, we examine the protest decision of a group of citizens, which consists of a large civic group and small groups of citizens. They decide whether to participate in a protest against a government based on their private information about the government’s strength. Protest participation features strategic complementarity since the protest is more likely to succeed as more citizens participate in it, while it also features strategic substitutability since a larger protest leads to a higher probability of a government crackdown. Our model demonstrates that the presence of the large civic group affects the outcome of the protest. Moreover, we find a non-monotonic relationship between the probability of protest success and the size of the large civic group, as opposed to when protest participation exhibits only strategic complementarities. Keywords: Protest game; Global game; Strategic complements; Strategic substitutes; Large player (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:198:y:2021:i:c:s0165176520304481 DOI: 10.1016/j.econlet.2020.109688 Access Statistics for this article Economics Letters is currently edited by Economics Letters Editorial Office More articles in Economics Letters from Elsevier |
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