Robust comparative statics for non-monotone shocks in large aggregative games

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buir.contributor.authorSağlam, Çağrı
dc.citation.epage299en_US
dc.citation.spage288en_US
dc.citation.volumeNumber174en_US
dc.contributor.authorCamacho, C.en_US
dc.contributor.authorKamihigashi, T.en_US
dc.contributor.authorSağlam, Çağrıen_US
dc.date.accessioned2019-02-21T16:01:42Z
dc.date.available2019-02-21T16:01:42Z
dc.date.issued2018en_US
dc.departmentDepartment of Economicsen_US
dc.description.abstractA policy change that involves a redistribution of income or wealth is typically controversial, affecting some people positively but others negatively. In this paper we extend the “robust comparative statics” result for large aggregative games established by Acemoglu and Jensen (2010) to possibly controversial policy changes. In particular, we show that both the smallest and the largest equilibrium values of an aggregate variable increase in response to a policy change to which individuals' reactions may be mixed but the overall aggregate response is positive. We provide sufficient conditions for such a policy change in terms of distributional changes in parameters.
dc.embargo.release2020-03-01en_US
dc.identifier.doi10.1016/j.jet.2017.12.003
dc.identifier.eissn1095-7235en_US
dc.identifier.issn0022-0531
dc.identifier.urihttp://hdl.handle.net/11693/49903
dc.language.isoEnglish
dc.publisherAcademic Press
dc.relation.isversionofhttps://doi.org/10.1016/j.jet.2017.12.003
dc.rightsinfo:eu-repo/semantics/openAccess
dc.source.titleJournal of Economic Theoryen_US
dc.subjectLarge aggregative gamesen_US
dc.subjectMean-preserving spreadsen_US
dc.subjectPositive shocksen_US
dc.subjectRobust comparative staticsen_US
dc.subjectStochastic dominanceen_US
dc.titleRobust comparative statics for non-monotone shocks in large aggregative gamesen_US
dc.typeArticleen_US
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