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Persistent link: https://www.econbiz.de/10002225255
It has been widely accepted that herding is the consequence of mimetic responses by agents interacting locally on a communication network. In extant models, this communication network linking agents, by and large, has been assumed to be fixed. In this paper we allow it to evolve endogenously by...
Persistent link: https://www.econbiz.de/10005611859