Showing 81 - 90 of 67,197
Persistent link: https://www.econbiz.de/10008701534
Persistent link: https://www.econbiz.de/10008729571
Persistent link: https://www.econbiz.de/10008746331
Persistent link: https://www.econbiz.de/10008779929
We study a model where a capital provider learns from the price of a firm’s security in deciding how much capital to provide for new investment. This feedback effect from the financial market to the investment decision gives rise to trading frenzies, where speculators all wish to trade like...
Persistent link: https://www.econbiz.de/10008826109
comes in two forms: rents and asset bubbles. We make four contributions. First, we show that imperfect pledgeability severs … the link between dynamic efficiency and the level of the interest rate. Bubbles are possible even when the economy is … explore the possibility of stochastic bubbles. We show that they trade at a liquidity discount. Bubble bursts can be …
Persistent link: https://www.econbiz.de/10003693481
Persistent link: https://www.econbiz.de/10003617247
Persistent link: https://www.econbiz.de/10003617294
Persistent link: https://www.econbiz.de/10003381076
Persistent link: https://www.econbiz.de/10003383579