A simple model of herd behavior, a comment
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Título
A simple model of herd behavior, a commentAutoría
Fecha de publicación
2012Editor
ElsevierISSN
0165-1765Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
http://www.sciencedirect.com/science/article/pii/S0165176511003533Versión
info:eu-repo/semantics/submittedVersionPalabras clave / Materias
Resumen
In this paper we analyze the role played by the tie-breaking assumptions in Banerjee’s model of herd behavior. Changing one assumption we obtain three important results: players’ strategies are parameter dependent; ... [+]
In this paper we analyze the role played by the tie-breaking assumptions in Banerjee’s model of herd behavior. Changing one assumption we obtain three important results: players’ strategies are parameter dependent; an incorrect herd could be reversed; a correct herd is irreversible. [-]
Publicado en
Economics Letters. 2012 February, Volume 114, Issue 2Derechos de acceso
Copyright © 2012 Elsevier Ltd. All rights reserved
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