The role of externalities and information aggregation in market collapse (Q926199): Difference between revisions
From MaRDI portal
Created a new Item |
Added link to MaRDI item. |
||
links / mardi / name | links / mardi / name | ||
Revision as of 17:32, 30 January 2024
scientific article
Language | Label | Description | Also known as |
---|---|---|---|
English | The role of externalities and information aggregation in market collapse |
scientific article |
Statements
The role of externalities and information aggregation in market collapse (English)
0 references
26 May 2008
0 references
The author shows that if the network's externality effect diminishes too much, then an inefficient market collapse may occur, and the cost of re-entry to the market is too high. Therefore a strategic delay on the exit decision of the agents is analyzed.
0 references
Social (observational) learning
0 references
Information aggregation
0 references
Strategic delay (waiting)
0 references
Experimentation
0 references
Coordination avalanche
0 references
Optimal stopping
0 references