Showing 1 - 10 of 4,791
This paper studies the mechanism that relates credit provision to asset prices. On one extreme, cheap credit may reduce the cost of capital and increase prices without trading. On the other extreme, naive borrowers may unsuccessfully ride a bubble. We collect every stock transaction for three...
Persistent link: https://www.econbiz.de/10012848786
Persistent link: https://www.econbiz.de/10012219022
Persistent link: https://www.econbiz.de/10000418186
Persistent link: https://www.econbiz.de/10001759051
Persistent link: https://www.econbiz.de/10012665840
Persistent link: https://www.econbiz.de/10009309919
Persistent link: https://www.econbiz.de/10011938084
Persistent link: https://www.econbiz.de/10014505928
This book describes a laboratory experiment designed to test the causes and properties of bubbles in financial markets … and explores the question whether it is possible to design markets which avoid such bubbles and crashes. In the experiment … rationality of investors. Various analytical bubble measures found in the literature are collected, calculated, classified and …
Persistent link: https://www.econbiz.de/10013522767
"This book describes a laboratory experiment designed to test the causes and properties of bubbles in financial markets … and explores the question whether it is possible to design markets which avoid such bubbles and crashes. In the experiment … rationality of investors. Various analytical bubble measures found in the literature are collected, calculated, classified and …
Persistent link: https://www.econbiz.de/10013278106