This paper combines the recent game theoretic approach of endogenous timing of entry to herding models with a … macroeconomic model of investment cycles. The integrated description embodies the qualitative results of the myopic herding model in … recent findings of the herding literature, the stabilization potential of third parties' information revelation is …

tie these features together in a model of banks' herding behavior. Most existing models of herding behavior can explain … the other hand, many models that try to explain excessive risk-taking do not contain any incentive for herding. This paper … develops astate-preference model of simultaneous herding and excessive risktaking. Thus, the model can help in understanding …

tie these features together in a model of banks' herding behavior. Most existing models of herding behavior can explain … the other hand, many models that try to explain excessive risk-taking do not contain any incentive for herding. This paper … develops astate-preference model of simultaneous herding and excessive risktaking. Thus, the model can help in understanding …

Investitionsentscheidungen -- Herdenverhalten im Rahmen der Prinzipal-Agenten-Beziehung -- Zusammenwirkung der Informations- und … durch Herdenverhalten äußern. Ein zwingendes methodisches Vorgehen zur Erforschung von Massenphänomenen gibt es jedoch nicht …, diese kann auf verschiedene Weise erfolgen. Das Entscheidungsverhalten einzelner Akteure, das zum Herdenverhalten führt …