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 …

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 …

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

We consider a monopolist who sells identical objects of common but unknown value in a herding-prone environment. Buyers … 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 may, but need not, arise. In contrast, herding arises immediately …

. -- Information cascades ; herding ; experimental economics ; heart rate measurement ; personality traits …

This paper explores whether rational herding can generate endogenous aggregate fluctuations. We embed a tractable model … of rational herding into a business cycle framework. In the model, technological innovations arrive with unknown …

The herding of expert opinions is often rationalized as the outcome of social learning. However, experts are typically … individuals with career concerns. As a result, herding can also arise from the fear of opposing consensus opinion and the …

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