EconPapers has moved to http://EconPapers.repec.org! Please update your bookmarks.
The effect of rating agencies on herd behaviour
Giovanni Ferri ()
Andrea Morone , 2014, vol. 9, issue 1, pages 107-127
Journal of Economic Interaction and Coordination Abstract:
This paper purports to provide some evidence on the effect of rating agencies in financial markets. By means of a laboratory experiment, we investigate the effect and interaction between private and public information. We reached two conclusions: (1) indeed, the rating agency can speed up price convergence, (2) but not always to the fundamental price. Copyright Springer-Verlag Berlin Heidelberg 2014
Keywords: Herd behaviour; Informational cascades; Rating agency; Bubble; C91; D82; D83 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc Citations Track citations by RSS feed
Downloads: (external link) http://hdl.handle.net/10.1007/s11403-013-0114-0 (text/html)
Access to full text is restricted to subscribers.
Related works: Working Paper: The Effect of Rating Agencies on Herd Behaviour (2008) Working Paper: The Effect of Rating Agencies on Herd Behaviour (2008) This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:spr:jeicoo:v:9:y:2014:i:1:p:107-127
Ordering information: This journal article can be ordered from http://link.springer.de/orders.htm
Access Statistics for this article
Journal of Economic Interaction and Coordination is currently edited by
A. Namatame, Thomas Lux and R. Axtell
More articles in Journal of Economic Interaction and Coordination from Springer
Series data maintained by Guenther Eichhorn ().