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Bubbles and Crashes - The Econometric Society We present a model in which an asset bubble can persist despite the presence of rational arbitrageurs The resilience of the bubble stems from the inability of arbitrageurs to temporarily coordinate their selling strategies
BUBBLES AND CRASHES BUBBLES AND CRASHES By Dilip Abreu and Markus K Brunnermeier1 We present a model in which an asset bubble can persist despite the presence of ratio-nal arbitrageurs The resilience of the bubble stems from the inability of arbitrageurs to temporarily coordinate their selling strategies
Bubbles and Crashes - JSTOR Since the derived trading equilibrium is unique, our model rationalizes the existence of bubbles in a strong sense The model also provides a natural setting in which news events, by enabling synchronization, can have a disproportionate impact relative to their intrinsic informational content
Bubbles and Crashes - Markus K. Brunnermeier We present a model in which an asset bubble can persist despite the presence of rational arbitrageurs The resilience of the bubble stems from the inability of arbitrageurs to temporarily coordinate their selling strategies
14. 454 Lecture 5: Bubbles - MIT OpenCourseWare Main ingredient (this is all we’ll discuss here): Uncertainty about payoffs (real or financial sector) can lead to bubbles in an intermediated financial system (risk shifting asset substitution)
Abreu, D. and Brunnermeier, M. (2003) Bubbles and Crashes. Econometrica . . . Article citations More>> Abreu, D and Brunnermeier, M (2003) Bubbles and Crashes Econometrica, 71, 173-204 https: doi org 10 1111 1468-0262 00393 has been cited by the following article: TITLE: Identifying House Price Booms, Bubbles and Busts: A Disequilibrium Analysis from Chaos Theory AUTHORS: Gerald A Hanweck
Bubbles and Crashes - De Gruyter In Bubbles and Crashes, Brent Goldfarb and David A Kirsch give us new insights into the causes of speculative booms and busts They identify a class of assets—major technological innovations—that can, but does not necessarily, produce bubbles
Bubbles and crashes - Princeton University We present a model in which an asset bubble can persist despite the presence of rational arbitrageurs The resilience of the bubble stems from the inability of arbitrageurs to temporarily coordinate their selling strategies
Bubbles and Crashes - Princeton University We present a model in which an asset bubble can persist despite the presence of rational arbitrageurs The resilience of the bubble stems from the inability of arbitrageurs to temporarily coordinate their selling strategies
Bubbles, Crashes, and Endogenous Expectations in . . . - Econometrica Fourteen of twenty-two experiments exhibit price bubbles followed by crashes relative to intrinsic dividend value When traders are experienced this reduces, but does not eliminate, the probability of a bubble