Regime change games with an active defender

Ole Jann and Christoph Schottmüller

Games and Economic Behavior, 2021, vol. 129, issue C, 96-113

Abstract: We analyze a regime change game in which an active defender can invest in costly, unobservable defenses. We show that if there are sufficiently many potential attackers, the game has a unique Nash equilibrium in which the defender chooses to have almost no defenses and attacks almost never occur. This provides a new perspective on coordination problems and the necessity of refinements in regime change games.

Keywords: Coordination; Global games; Panopticon; Regime change games; Transparency (search for similar items in EconPapers)
JEL-codes: D23 D74 D82 Z13 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:gamebe:v:129:y:2021:i:c:p:96-113

DOI: 10.1016/j.geb.2021.05.008

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