A simple model of herd behavior, a comment

Andrea Morone

Economics Letters, 2012, vol. 114, issue 2, 208-211

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.

Keywords: Herd behavior; Tie-breaking rules; Lock-in (search for similar items in EconPapers)
JEL-codes: D8 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (11)

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Related works:
Working Paper: SIMPLE MODEL OF HERD BEHAVIOUR, A COMMENT (2008)
Working Paper: Simple model of herd behaviour, a comment (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:114:y:2012:i:2:p:208-211

DOI: 10.1016/j.econlet.2011.09.024

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