A simple model of herd behavior, a comment

C-Tier
Journal: Economics Letters
Year: 2012
Volume: 114
Issue: 2
Pages: 208-211

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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.

Technical Details

RePEc Handle
repec:eee:ecolet:v:114:y:2012:i:2:p:208-211
Journal Field
General
Author Count
1
Added to Database
2026-01-26