Noussair, C.; Robin, S.; Ruffieux, B. - Krannert School of Management, Purdue University - 1998
We construct asset markets, that are similar to those studied by Smith, Suchanek and Willians (1988), in which bubbles and crashes tended to occur. The main difference between the markets studied here and those studied by Smith et al. are that in the markets studied here, the fundamental values...