Razen, Michael; Huber, Jürgen; Kirchler, Michael - 2016 - This version: March 30, 2016
forms. We run 36 laboratory asset markets and investigate the joint effect of cash inflow and trading horizon on price … efficiency. We show that only markets with cash inflow and long trading horizon exhibit bubbles and crashes. We also observe that … markets with extended trading horizon but without cash inflow and markets with shorter trading horizon do not trigger bubbles …