Investment Busts, Reputation, and the Temptation to Blend in with the Crowd
收藏NBER2012-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w17945
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资源简介：
We provide a dynamic model of an industry in which agents strategically time liquidation decisions in an effort to protect their reputations. As in traditional models, agents delay liquidation attempting to signal their quality. However, when the industry faces a common shock that indiscriminately
提供机构：
美国国家经济研究局
创建时间：
2012-03-01
