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Bubbles in asset markets have been documented in numerous experimental studies. However, all experiments in which bubbles occur pay dividends after each trading day. In this paper we study whether bubbles can occur in markets without dividends. We investigate the role of two features that are...
Persistent link: https://www.econbiz.de/10003592714
Bubbles in asset markets have been documented in numerous experimental studies. However, all experiments in which bubbles occur pay dividends after each trading day. In this paper we study whether bubbles can occur in markets with only a final dividend, and consequently a flat fundamental value....
Persistent link: https://www.econbiz.de/10012776715
Persistent link: https://www.econbiz.de/10009316484
Persistent link: https://www.econbiz.de/10013443307