Speculation, Trading, and Bubbles
Scheinkman, José Alexandre
Table of Contents; Foreword, by Kenneth J. Arrow; Acknowledgments, by Joseph E. Stiglitz; Introduction, by Joseph E. Stiglitz; Speculation, Trading, and Bubbles, by José A. Scheinkman; Appendix: A Formal Model; Commentary, by Patrick Bolton; Commentary, by Sanford J. Grossman; Commentary, by Kenneth J. Arrow; Discussion; Notes; References; Notes on Contributors; Index.;The history of financial markets is full of moments in which asset prices inflate far beyond their intrinsic value. These events are commonly called bubbles, and in this book, José A. Scheinkman and other top economists offer new explanations for this phenomenon. Scheinkman discusses some stylized facts concerning bubbles, such as high trading volume and the coincidence between bubbles' implosion and increases in supply, and he develops a model for bubbles based on differences in beliefs among investors that explains these observations. Sandy Grossman and Patrick Bolton offer commentarie.
عام:
2014
الناشر:
Columbia University Press
اللغة:
english
الصفحات:
137
ISBN 10:
1322541558
ISBN 13:
9781322541556
سلسلة الكتب:
Kenneth J. Arrow lecture series
ملف:
PDF, 758 KB
IPFS:
,
english, 2014