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Herding with and without Payoff Externalities - An Internet Experiment

Drehmann, M., Oechssler, J. and Roider, Andreas (2007) Herding with and without Payoff Externalities - An Internet Experiment. International Journal of Industrial Organization 25, pp. 391-415.

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Abstract

Most real world situations that are susceptible to herding are also characterized by direct payoff externalities. Yet, the bulk of the theoretical and experimental literature on herding has focused on pure informational externalities. In this paper, we experimentally investigate the effects of several different forms of payoff externalities (e.g., network effects, first-mover advantage, etc.) in ...

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Item type:Article
Date:2007
Institutions:Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Lehrstuhl für Mikroökonomik (Prof. Dr. Andreas Roider)
Identification Number:
ValueType
10.1016/j.ijindorg.2006.04.016DOI
Related URLs:
URLURL Type
http://www.uni-heidelberg.de/md/awi/professuren/behfin/herding_externalities.pdfAuthor
Dewey Decimal Classification:300 Social sciences > 330 Economics
Status:Published
Refereed:Yes, this version has been refereed
Created at the University of Regensburg:Unknown
Item ID:21707
Owner only: item control page

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