A simple model of herd behavior, a comment
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comunitat-uji-handle2:10234/8643
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INVESTIGACIONMetadata
Title
A simple model of herd behavior, a commentAuthor (s)
Date
2012Publisher
ElsevierISSN
0165-1765Type
info:eu-repo/semantics/articlePublisher version
http://www.sciencedirect.com/science/article/pii/S0165176511003533Version
info:eu-repo/semantics/submittedVersionSubject
Abstract
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. [-]
Is part of
Economics Letters. 2012 February, Volume 114, Issue 2Rights
Copyright © 2012 Elsevier Ltd. All rights reserved
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info:eu-repo/semantics/openAccess
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- ECO_Articles [696]