We investigate the concept of endogenous information leadership within the financial market. Prior to coordinating their investments, investors establish a star network at a certain cost. The central node of this star network functions as an information leader, collecting and sharing information...

We investigate the concept of endogenous information leadership within the financial market. Prior to coordinating their investments, investors establish a star network at a certain cost. The central node of this star network functions as an information leader, collecting and sharing information...

We explore information leadership in the financial market. We first study an endogenous network formation model in which traders link with each other before financial tradings. We show the only stable outcome is a star network in which every trader links to the same person. The centre of this...

This paper develops a model to investigate the interaction between policymaking and strategic protest. Protesting citizens demand policy reforms by protesting against the status quo, but differ in their preference for the directions of the reform. The size of the protest informs policymaker...