Informational cascades with endogenous prices: the role of risk aversion

DOI10.1016/J.JMATECO.2005.03.002zbMath1142.91643OpenAlexW2003797161MaRDI QIDQ881985

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)

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Cites Work

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• On the convergence of informational cascades
• Financial crises as herds: overturning the critiques
• The speed of information revelation in a financial market mechanism
• Herd Behavior and Contagion in Financial Markets
• Continuous Auctions and Insider Trading
• Market Crashes and Informational Avalanches
• Pathological Outcomes of Observational Learning
• Competing Mechanisms in a Common Value Environment

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