Ackert, Lucy F.; Charupat, Narat; Church, Bryan K.; … - In: Southern Economic Journal 73 (2006) 2, pp. 419-436
The robustness of bubbles and crashes in markets for assets with finite lives is perplexing. This paper reports the results of experimental asset markets in which participants trade two assets. In some markets, price bubbles form. In these markets, traders pay higher prices for the asset with...