Brown, Martin; Trautmann, Stefan; Vlahu, Razvan - de Nederlandsche Bank - 2012
We conduct a laboratory experiment to examine under which circumstances a depositor-run at one bank may lead to a … depositor-run at another bank. We implement two-person coordination games which capture the essence of the Diamond-Dybvig (1983 …) bank-run model. Subjects in the roles of followers observe the deposit withdrawal decisions of leaders before they make …