| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29412 |
| 来源ID | Working Paper 29412 |
| Herding with Heterogeneous Ability: An Application to Organ Transplantation | |
| Stephanie C. De Mel; Kaivan Munshi; Soenje Reiche; Hamid Sabourian | |
| 发表日期 | 2021-11-01 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | There are many economic environments in which an object is offered sequentially to prospective buyers. It is often observed that once the object for sale is turned down by one or more agents, those that follow do the same. One explanation that has been proposed for this phenomenon is that agents making choices further down the line rationally ignore their own assessment of the object's quality and herd behind their predecessors. Our research adds a new dimension to the canonical herding model by allowing agents to differ in their ability to assess the quality of the offered object. We develop novel tests of herding based on this ability heterogeneity and also examine its efficiency consequences, applied to organ transplantation in the U.K. We find that herding is common but that the information lost due to herding does not substantially increase false discards of good organs or false acceptances of bad organs. Our counter-factual analysis indicates that this is due (in part) to the high degree of heterogeneity in ability across transplant centers. In other settings, such as the U.S., where organ transplantation is organized very differently and the ability distribution will not be the same, the inefficiencies due to herding might well be substantial. |
| 主题 | Microeconomics ; Economics of Information |
| URL | https://www.nber.org/papers/w29412 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/587086 |
| 推荐引用方式 GB/T 7714 | Stephanie C. De Mel,Kaivan Munshi,Soenje Reiche,et al. Herding with Heterogeneous Ability: An Application to Organ Transplantation. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w29412.pdf（1407KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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