Document de travail

Public Communication in Regime Change games

Georgy Lukyanov et Anastasia Makhmudova

Résumé

We study a regime change game in which the state and an opposition leader both observe the regime’s true strength and may engage in costly communication by manipulating the mean of citizens’ private signals. Each citizen then decides whether to attack the regime. From the perspective of both the state and the opposition, the size of the attack is uncertain, as the number of committed partisans—those who always attack regardless of their signal—is not observed in advance. We show that a regime on the brink of collapse optimally refrains from propaganda, while the opposition engages in counter-propaganda. The equilibrium level of counter-propaganda increases with the opposition’s benefit-cost ratio and with the precision of citizens’ private signals, and decreases with the cost of attacking.

Mots-clés

Global games, Signalling, Policymaker, Information asymmetry, Coordinated attack, Regime change;

Codes JEL

  • D82: Asymmetric and Private Information • Mechanism Design
  • D84: Expectations • Speculations
  • E58: Central Banks and Their Policies
  • F31: Foreign Exchange

Référence

Georgy Lukyanov et Anastasia Makhmudova, « Public Communication in Regime Change games », TSE Working Paper, n° 26-1713, février 2026.

Voir aussi

Publié dans

TSE Working Paper, n° 26-1713, février 2026