Robust comparative statics for non-monotone shocks in large aggregative games
buir.contributor.author | Sağlam, Çağrı | |
dc.citation.epage | 299 | en_US |
dc.citation.spage | 288 | en_US |
dc.citation.volumeNumber | 174 | en_US |
dc.contributor.author | Camacho, C. | en_US |
dc.contributor.author | Kamihigashi, T. | en_US |
dc.contributor.author | Sağlam, Çağrı | en_US |
dc.date.accessioned | 2019-02-21T16:01:42Z | |
dc.date.available | 2019-02-21T16:01:42Z | |
dc.date.issued | 2018 | en_US |
dc.department | Department of Economics | en_US |
dc.description.abstract | A 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.description.provenance | Made available in DSpace on 2019-02-21T16:01:42Z (GMT). No. of bitstreams: 1 Bilkent-research-paper.pdf: 222869 bytes, checksum: 842af2b9bd649e7f548593affdbafbb3 (MD5) Previous issue date: 2018 | en |
dc.embargo.release | 2020-03-01 | en_US |
dc.identifier.doi | 10.1016/j.jet.2017.12.003 | |
dc.identifier.eissn | 1095-7235 | en_US |
dc.identifier.issn | 0022-0531 | |
dc.identifier.uri | http://hdl.handle.net/11693/49903 | |
dc.language.iso | English | |
dc.publisher | Academic Press | |
dc.relation.isversionof | https://doi.org/10.1016/j.jet.2017.12.003 | |
dc.rights | info:eu-repo/semantics/openAccess | |
dc.source.title | Journal of Economic Theory | en_US |
dc.subject | Large aggregative games | en_US |
dc.subject | Mean-preserving spreads | en_US |
dc.subject | Positive shocks | en_US |
dc.subject | Robust comparative statics | en_US |
dc.subject | Stochastic dominance | en_US |
dc.title | Robust comparative statics for non-monotone shocks in large aggregative games | en_US |
dc.type | Article | en_US |
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