Informational cascades with endogenous prices: the role of risk aversion

DOI10.1016/J.JMATECO.2005.03.002zbMATH Open1142.91643OpenAlexW2003797161MaRDI QIDQ881985FDOQ881985

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

Recommendations

• Herd Behavior and Contagion in Financial Markets
• Market Crashes and Informational Avalanches
• Risk aversion, imperfect competition, and long-lived information
• Learning, Cascades, and Transaction Costs*
• Market efficiency and learning in an endogenously unstable environment

zbMATH Keywords

risk aversioninformational cascadesendogenous prices

Mathematics Subject Classification ID

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

Cites Work

• Title not available (Why is that?)
• Continuous Auctions and Insider Trading
• Pathological Outcomes of Observational Learning
• On the convergence of informational cascades
• Competing Mechanisms in a Common Value Environment
• Financial crises as herds: overturning the critiques
• Herd Behavior and Contagion in Financial Markets
• Market Crashes and Informational Avalanches
• The speed of information revelation in a financial market mechanism

Cited In (5)

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

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