Huang, Weihong; Zheng, Huanhuan; Chia, Wai-Mun - In: The European Journal of Finance 19 (2013) 5, pp. 420-437
By applying the deterministic heterogenous agent model developed by Huang et al. [Financial crises and interacting heterogeneous agents. <italic>Journal of Economic Dynamics and Control</italic> 34, no. 6: 1105--22], this paper examines the phenomena of asymmetric returns, gradual bubbles and sudden crashes. It...