Boening, Mark van; Smith, Vernon L.; Wellford, Charissa P. - In: Economic Theory 16 (2000) 3, pp. 567-583
This paper investigates the effect of dividend timing on price bubbles and endogenous expectations in twenty-six laboratory asset markets. In ten "A1" markets, a single dividend is paid at the end of the trading horizon. In nine "A2" markets, dividends are paid at the end of each trading period....
