A simple model of herd behavior, a comment

被引：7
作者：
Morone, Andrea [1 ,2 ]
机构：
[1] Univ Bari, Dipartimento Sci Econ & Metodi Matemat, I-70124 Bari, Italy
[2] Univ Jaume 1, Castellon de La Plana, Spain
来源：
ECONOMICS LETTERS | 2012年 / 114卷 / 02期
关键词：
Herd behavior; Tie-breaking rules; Lock-in;
D O I：
10.1016/j.econlet.2011.09.024
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this paper we analyze the role played by the tie-breaking assumptions in Banerjee's model of herd behavior. Changing one assumption we obtain three important results: players' strategies are parameter dependent; an incorrect herd could be reversed; a correct herd is irreversible. (C) 2011 Elsevier B.V. All rights reserved.
引用
收藏
页码：208 / 211
页数：4
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