This paper develops a model of credit-driven bubbles and asks when it gives rise to the patterns that policymakers … consistent with observations on credit terms during historical episodes often suspected to be bubbles. …

We propose a simple classroom experiment on speculative bubbles: the Bubble Game. This game is useful to discuss about … cap on asset prices, speculative bubbles can arise at the Nash equilibrium because no trader is ever sure to be last in … the market sequence. Otherwise, the Nash equilibrium involves no trade. Bubbles usually occur with or without a cap on …

The efficient markets hypothesis implies that, in the presence of rational investors, bubbles cannot develop. We …

part of this price volatility to speculation. This phenomenon is investigated by estimating a general regime … collapsing bubbles story about Irish agricultural land prices. …

wanted to limit speculation in the oil market, it should keep the shorter-term futures contracts and eliminate the more …