Information aggregation in financial markets with career concerns

DOI10.1016/j.jet.2008.01.005zbMath1154.91541OpenAlexW2168367684MaRDI QIDQ960245

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

zbMATH Keywords

financial equilibriumcareer concernsinformation cascades

Mathematics Subject Classification ID

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

Related Items (12)

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

Cites Work

• Herding over the career
• Financial crises as herds: overturning the critiques
• Professional advice
• Continuous Auctions and Insider Trading
• Market Crashes and Informational Avalanches
• Churning Bubbles
• Pathological Outcomes of Observational Learning
• Unnamed Item

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