The role of externalities and information aggregation in market collapse (Q926199): Difference between revisions
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| Property / cites work: Equilibrium delay in a simple dynamic model of investment / rank | |||
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| Property / cites work: Experimentation in Markets / rank | |||
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| Property / cites work: Q3809068 / rank | |||
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| Property / cites work: Information Revelation and Strategic Delay in a Model of Investment / rank | |||
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| Property / cites work: Equilibria in a dynamic global game: the role of cohort effects / rank | |||
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Latest revision as of 10:46, 28 June 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)
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26 May 2008
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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.
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Social (observational) learning
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Information aggregation
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Strategic delay (waiting)
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Experimentation
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Coordination avalanche
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Optimal stopping
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