present a model which incorporates elements from the theory of information cascades with the standard model of tax evasion and …

. Firms are found to engage in herding behavior, being more likely to employ undocumented workers if competitors do. Rivals … marginal revenue product. The herding behavior and competitive effects are found to be much weaker in geographically broad …

theory, and rational herding. We use the resulting data to estimate a multiple mediation model, in which the effect of the … mechanisms often related to the scarring effect of unemployment: general signalling theory, (perceived) skill loss, queuing … related to the scarring effect of unemployment: general signalling theory, (perceived) skill loss, queuing theory, and …

reassignments of certain student groups into new peer groups, we also explore the reasons why herding occurs. The preponderance of … evidence suggests that social learning, as opposed to network externalities, is the key driver for herding behavior. …