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Aspiring for Change: A Theory of Middle Class Activism.

Authors :
Chen, Heng
Suen, Wing
Source :
Economic Journal; Aug2017, Vol. 127 Issue 603, p1318-1347, 30p, 2 Charts, 5 Graphs
Publication Year :
2017

Abstract

We propose a regime change model in which people are uncertain about both the quality of a specific regime and governance in general. The poor perceive the current regime as bad, rationally infer that all governments are bad, and therefore believe mass movements are futile. The middle class are more sanguine about the prospect of good government, and believe that collective action is effective because they expect many fellow citizens to share the same view. This coordination game with incomplete information does not admit monotone equilibrium but exhibits multiple interval equilibria, where middle class people are more likely to attack the regime. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
00130133
Volume :
127
Issue :
603
Database :
Complementary Index
Journal :
Economic Journal
Publication Type :
Academic Journal
Accession number :
124562988
Full Text :
https://doi.org/10.1111/ecoj.12346