Srivastava, Nandini; Satchell, Stephen - Birkbeck, Department of Economics, Mathematics & Statistics - 2012
The purpose of this paper is to look for bubbles in the Art Market using a structure based on steady state results for TAR models and appropriate definitions of bubbles recently put forward by Knight, Satchell and Srivastava (2011). The usual method for investigating bubbles is to measure prices...