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Speculation, Trading, and Bubbles.
The history of financial markets is full of moments in which asset prices inflate far beyond their intrinsic value. These events are commonly called bubbles, and in this book, José A. Scheinkman and other top economists offer new explanations for this phenomenon. Scheinkman discusses some stylized...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
New York :
Columbia University Press,
2014.
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| Colección: | Kenneth J. Arrow lecture series.
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| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | The history of financial markets is full of moments in which asset prices inflate far beyond their intrinsic value. These events are commonly called bubbles, and in this book, José A. Scheinkman and other top economists offer new explanations for this phenomenon. Scheinkman discusses some stylized facts concerning bubbles, such as high trading volume and the coincidence between bubbles' implosion and increases in supply, and he develops a model for bubbles based on differences in beliefs among investors that explains these observations. Sandy Grossman and Patrick Bolton offer commentarie. |
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| Descripción Física: | 1 online resource (137 pages) |
| Bibliografía: | Includes bibliographical references and index. |
| ISBN: | 9780231537636 0231537638 1322541558 9781322541556 |