This paper puts forth a simple model explaining the manner in which news aggregators such as Google News or Yahoo! News build herd behavior through information cascades. The model suggests that (1) an increase in the number of Internet users will make herding more significant over the Internet,...

With the outbreak of the COVID pandemic, many governments around the world face serious fiscal difficulties. The deteriorating fiscal condition is a critical concern, as it suggests that governments will have limited resources to address important issues of our time. Greater fiscal transparency...

This paper puts forth a simple model explaining the manner in which news aggregators such as Google News or Yahoo! News build herd behavior through information cascades. The model suggests that (1) an increase in the number of Internet users will make herding more significant over the Internet,...