Information aggregation in financial markets with career concerns

DOI10.1016/J.JET.2008.01.005zbMATH Open1154.91541OpenAlexW2168367684MaRDI QIDQ960245FDOQ960245

Andrea Prat, Amil Dasgupta

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

Recommendations

• Information aggregation in dynamic markets with strategic traders
• Information aggregation in a financial market with general signal structure
• Learning about analysts
• Dynamic market participation and endogenous information aggregation
• Communication in financial markets with several informed traders

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)

Cites Work

• Title not available (Why is that?)
• Churning Bubbles
• Continuous Auctions and Insider Trading
• Pathological Outcomes of Observational Learning
• Professional advice
• Financial crises as herds: overturning the critiques
• Market Crashes and Informational Avalanches
• Herding over the career

Cited In (13)

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

This page was built for publication: Information aggregation in financial markets with career concerns

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q960245)