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 …

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. …

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. …

and other gifts made 'for the gospel's sake' (Mark 10:29-30). Overall, we find that the individualistic capitalistic pro-investment …

Argentina during the 1990s. Inspired by Keynes and Minsky, we estimate an investment model that accounts for financial … speculative behaviour which was unconnected to entrepreneurial behaviour based on investment in fixed assets. Over the decade, the …

inversely reacted to the factors that affected the economy negatively. The ZSE was driven mainly by speculation as investors … stock market pushing prices up hence huge profits. The real factors that affect share investment and the stock market in …

Crude oil price speculation during 2000s could have increased installed capacity in corn ethanol plants beyond what was … investment in US corn ethanol industry. The ethanol price expectations are derived using a system of supply … based on speculation. Econometric estimation procedures and functional form approximations are discussed. …

The two key questions which motivate our work are: do bubbles exist (in the sense that stock market prices do not … always correspond to the present value of expected future profitability) and, if bubbles exist, do they have an effect on … business fixed investment? The case of Japan is particularly interesting because of the dramatic movements in the Japanese …