The role of externalities and information aggregation in market collapse (Q926199)
From MaRDI portal
!
This is the item page for this Wikibase entity, intended for internal use and editing purposes. Please use the normal view instead:
scientific article; zbMATH DE number 5278981
| Language | Label | Description | Also known as |
|---|---|---|---|
| default for all languages | No label defined |
||
| English | The role of externalities and information aggregation in market collapse |
scientific article; zbMATH DE number 5278981 |
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
0.720127522945404
0 references
0.720127522945404
0 references
0.7081542015075684
0 references
0.7047280073165894
0 references
0.7047117352485657
0 references
