Information aggregation in financial markets with career concerns

DOI10.1016/J.JET.2008.01.005MaRDI QIDQ960245zbMATHOpenAlexFDO

Authors Amil Dasgupta, Andrea Prat

Publication date 16 December 2008

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jet.2008.01.005

zbMATH Keywords

career concernsfinancial equilibriuminformation cascades

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Economics of information (91B44) Special types of economic equilibria (91B52)

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Cites work

• scientific article; zbMATH DE number 1232374 (Why is no real title available?)
• Churning Bubbles
• Continuous Auctions and Insider Trading
• Financial crises as herds: overturning the critiques
• Herding over the career
• Market Crashes and Informational Avalanches
• Pathological Outcomes of Observational Learning
• Professional advice

Cited in

(15)

• Learning about analysts
• Herding and feedback trading in cryptocurrency markets
• Contracting to compete for flows
• Information aggregation in a financial market with general signal structure
• The Economics of Career Concerns, Part I: Comparing Information Structures
• Reward schemes
• Path-dependent behavior and information leakage in financial markets
• Asset holdings, information aggregation in secondary markets and credit cycles
• Will truth out? -- An advisor's quest to appear competent
• Capital immobility and the reach for yield
• Taking the road less traveled by: Does conversation eradicate pernicious cascades?
• Managerial reputation, risk-taking, and imperfect capital markets
• Conformism and public news
• Congested observational learning
• Reputation acquisition in imperfect financial markets

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