Browsing Departament: Economia by Source "Economics Letters. 2012 February, Volume 114, Issue 2"

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    • openAccess   A simple model of herd behavior, a comment 

      MORONE, ANDREA Elsevier (2012)
      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 ...