Informational cascades with endogenous prices: the role of risk aversion

DOI10.1016/J.JMATECO.2005.03.002MaRDI QIDQ881985zbMATH OpenOpenAlexFDO

Authors Jean-Paul Décamps, Stefano Lovo

Publication date 23 May 2007

Published in Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL http://publications.ut-capitole.fr/2484/1/decamps_lovo.pdf

zbMATH Keywords

risk aversioninformational cascadesendogenous prices

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Trade models (91B60)

Recommendations

• Herd Behavior and Contagion in Financial Markets
• Market Crashes and Informational Avalanches
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• Learning, Cascades, and Transaction Costs*
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Cites work

• scientific article; zbMATH DE number 3357742 (Why is no real title available?)
• Competing Mechanisms in a Common Value Environment
• Continuous Auctions and Insider Trading
• Financial crises as herds: overturning the critiques
• Herd Behavior and Contagion in Financial Markets
• Market Crashes and Informational Avalanches
• On the convergence of informational cascades
• Pathological Outcomes of Observational Learning
• The speed of information revelation in a financial market mechanism

Cited in

(6)

• Learning about analysts
• Risk aversion, public disclosure, and long-lived information
• Learning, Cascades, and Transaction Costs*
• The role of externalities and information aggregation in market collapse
• Endogenous information revelation in a competitive credit market and credit crunch
• Ambiguity and informativeness of (non-)trading

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