Yamamura, Eiji; Shin, Inyong - In: Journal of Behavioral and Experimental Economics … 37 (2008) 4, pp. 1412-1426
This paper explores how an early leader's choices influence later followers' choices via social interaction, and to what extent this sequential behavior enhances industrial development by using the long-term data of Japanese professional baseball. Major findings make it evident that the "Leader"...