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A Panic-Prone Pack? The Behavior of Emerging Market Mutual Funds

Borensztein, Eduardo R.; Gelos, R. Gaston - CESifo - 2001

withdrew money one month prior to the events. Thedegree of herding among funds is statistically significant, but moderate.Herding …

Persistent link: https://www.econbiz.de/10005094343

Optimal Pricing and Endogenous Herding

Bose, Subir; Orosel, Gerhard O.; Vesterlund, Lise - CESifo - 2002

We consider a monopolist who sells identical objects of common but unknown value in a herding-prone environment. Buyers … monopolist’s optimal pricing strategy and its implications for the temporal pattern of prices and for herding. The analysis is … performed under alternative assumptions about observability of prices. We find that when previous prices are observable, herding …

Persistent link: https://www.econbiz.de/10005051570

Reputational Herding in Financial Markets: A Laboratory Experiment

Roider, Andreas; Voskort, Andrea - CESifo - 2015

We study reputational herding in financial markets in a laboratory experiment. In the spirit of Dasgupta and Prat (2008 …

Persistent link: https://www.econbiz.de/10011122679

An Explanation of (First Round) Contributions in Public-Good Experiments

Weimann, Joachim; Brosig-Koch, Jeannette; Heinrich, Timo; … - CESifo - 2014

The dynamics of behavior observed in standard public-good experiments can be explained by imperfect conditional cooperation combined with social learning (Fischbacher and Gächter, 2010). But it is unclear what determines first-round contributions. We argue that first-round contributions depend...

Persistent link: https://www.econbiz.de/10010948901

Private Provision of Public Goods and Information Diffusion in Social Groups

Scharf, Kimberley Ann - CESifo - 2013

We describe a dynamic model of costly information sharing, where private information affecting collective-value actions is transmitted by social proximity. Individuals make voluntary contributions towards the provision of a pure public good, and information transmission about quality of...

Persistent link: https://www.econbiz.de/10010718527