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MET Seminar - Aditya Kuvalekar (Essex)

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Dates:8 March 2023
Times:17:00 - 18:00
What is it:Seminar
Organiser:School of Social Sciences
Who is it for:University staff, Current University students
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  • In category "Seminar"
  • In group "(SoSS) Economics"
  • In group "(SoSS) Economics - theory"
  • By School of Social Sciences

Title: #Change (joint with Deepal Basak and Joyee Deb)

Abstract: A change may be socially desirable, but bringing about change involves costly action and enough people participating to take the costly action. If there is uncertainty about the desirability of change, access to more similar information may allow people to get more easily mobilized. But similar information can have two opposing effects: It can help coordination because now the beliefs of agents who are willing to participate, conditional on their own signal, point towards others doing the same. But it can cause free-riding: A high likelihood of many agents participating reduces the probability that anyone is pivotal, dampening the individual incentive for costly participation. We propose a new order of interdependence of information structures and use it to characterize when increased interdependence increases or reduces costly participation. We apply our theoretical insight to protests and explain how a more interconnected society unambiguously helps (hurts) when bringing about change is hard (easy).

MET full schedule: http://daviddelacretaz.net/seminars/

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