Baumann, Michael Heinrich; Baumann, Michaela; Erler, … - In: Economics: The Open-Access, Open-Assessment E-Journal 13 (2019) 2019-44, pp. 1-26
The authors analyze financial interactions between chartists with bounded leverage and fundamentalists within a … bubbles for a certain setup of a feedback trader model. Moreover, similar studies very often face the criticism that chartists … might run out of money before the emergence of bubbles, as these studies typically analyze the role of chartists with …