Information aggregation in financial markets with career concerns

DOI10.1016/J.JET.2008.01.005MaRDI QIDQ960245zbMATH OpenOpenAlexFDO

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)

Recommendations

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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)

• Path-dependent behavior and information leakage in financial markets
• Capital immobility and the reach for yield
• Learning about analysts
• Information aggregation in a financial market with general signal structure
• The Economics of Career Concerns, Part I: Comparing Information Structures
• Asset holdings, information aggregation in secondary markets and credit cycles
• Reputation acquisition in imperfect financial markets
• 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

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