This paper studies the interplay between asset bubbles and product market competition. It offers two main insights. The … subsidy, bubbles stimulate competition and reduce monopoly rents. I show that bubbles can destroy efficient investment and … first is that imperfect competition creates a wedge between interest rates and the marginal product of capital. This makes …

Smith, Suchaneck, and Williams (1988) framework show marked gender difference in producing speculative price bubbles. Using … bubbles and the frequency of female traders in the market. Women's price forecasts also are much lower, even in the first …