Fillable Herd on the Street: Informational Inefficiencies in a Market with Short ... - nber

NBER WORKING PAPER SERIES HERD ON ThE STREET: INFORMATIONAL INEFFICIENCIES IN A MARKET WITH SHORT-TERM SPECULATION Kenneth A. Froot David S. Scharfstein Jeremy C. Stein Working Paper No. 3250 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Maasachusetts Avenue Cambridge, MA 02138 February 1990 We thank Mike Fishman, Greg Mankiw, Stew Myers, Andre Perold, Julio Rotemberg, Andrei Shleifer, and seminar participants at...
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