Rational herding in financial economics

1996/04/01 by Andrea Devenow, Ivo Welch · 1,291 citations
Economics, Econometrics and Finance · #Banking stability, regulation, efficiency #Computer science #Economic theories and models #Economics #Externality #Finance #Financial Markets and Investment Strategies #Financial economics #Financial market #Herding #Macroeconomics #Market liquidity #Microeconomics #Political science #Principal (computer security) #Rational expectations #Reputation

paper · doi:10.1016/0014-2921(95)00073-9

published in European Economic Review 40(3-5), 603-615 (Elsevier BV)

openalex publication_date 1996/04/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28

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