A simple model of herd behavior, a comment
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A simple model of herd behavior, a commentAutoria
Data de publicació
2012Editor
ElsevierISSN
0165-1765Tipus de document
info:eu-repo/semantics/articleVersió de l'editorial
http://www.sciencedirect.com/science/article/pii/S0165176511003533Versió
info:eu-repo/semantics/submittedVersionParaules clau / Matèries
Resum
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. [-]
Publicat a
Economics Letters. 2012 February, Volume 114, Issue 2Drets d'accés
Copyright © 2012 Elsevier Ltd. All rights reserved
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info:eu-repo/semantics/openAccess
http://rightsstatements.org/vocab/InC/1.0/
info:eu-repo/semantics/openAccess
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