نتایج جستجو برای: rational speculative bubbles
تعداد نتایج: 84821 فیلتر نتایج به سال:
bubbles in asset prices have fascinated researchers in finance. identify asset bubbles, by circumstances, on the stock market has been a growing number of research theoretical and empirical. on a theoretical level, it was assumed that the price dynamics reflect irrational behavior of economic agents and, therefore, should be excluded from a deal with the truly rational economic agents burmeiste...
Bubbles in asset prices have fascinated researchers in finance. Identify asset bubbles, by circumstances, on the stock market has been a growing number of research theoretical and empirical. On a theoretical level, it was assumed that the price dynamics reflect irrational behavior of economic agents and, therefore, should be excluded from a deal with the truly rational economic agents Burmeiste...
Evidence suggests that rational, periodically collapsing speculative bubbles may be pervasive in stock markets globally, but there is no research that considers them at the individual stock level. In this study we develop and test an empirical asset pricing model that allows for speculative bubbles to affect stock returns. We show that stocks incorporating larger bubbles yield higher returns. T...
I review the literature on financial speculation driven by belief disagreements from a macroeconomics perspective. To highlight unifying themes, develop stylized macroeconomic model that embeds several mechanisms. With short-selling constraints, can generate overvaluation and speculative bubbles. Leverage substantially inflate bubbles, leverage limits depend perceived downside risks. Shifts in ...
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