We model the relationship between asset float (tradeable shares) and speculative bubbles. Investors trade a stock with …

This paper investigates the nature and the presence of bubbles in financial markets. Are bubbles consistent with … are some of the questions asked in the first three sections. The general conclusion is that bubbles, in many markets, are … consistent with rationality, that phenomena such as runaway asset prices and market crashes are consistent with rational bubbles …

a role in the formation of asset price bubbles. Using age as a proxy for managers' investment experience, we find that …

supporting the resale option theory of bubbles: investors overpay for a warrant hoping to resell it at an even higher price to a …

We develop a model of asset price bubbles based on the communication process between advisors and investors. Advisors …

price bubbles, portfolio choice, mutual fund flows, trading volume, and firm profitability, among others …

debt is equivalent to the allocations that are sustained with unbacked public debt or rational bubbles; for the latter …