Sushil Bikhchandani,omer tamuz,ivo welch, David Hirshleifer Jul 11,2023
Working Paper No.00104-00
We review the theory of information cascades and social learning. Our goal is to describe in a relatively integrated and... Read More
Branko Urosevic, Francesco Sangiorgi , Diego Garcia Aug 02,2023
Working Paper No.00121-00
We study financial markets in which both rational and overconfident agents coexist and make endogenous information acquisition decisions. We demonstrate... Read More
Piero Gottardi,Humberto Moreira, William Fuchs Nov 15,2022
Working Paper No.00085-00
We consider a dynamic adverse selection model where privately informed sellers of divisible assets can choose how much of their... Read More
Qing Liu, Lucy White Andrea Buffa Nov 18,2022
Working Paper No.00073-01
Agents working together to produce a joint output care about each other’s incentives. Because real world contracts are typically private... Read More
Luc Laeven,Alberto Martin, Vladimir Asriyan Nov 05,2019
Working Paper No.00054-00
We develop a new theory of information production during credit booms. Entrepreneurs need credit to undertake investment projects, some of... Read More
Published: Review of Economic Studies, 2021, (), -