Simple Finite Horizon Bubbles Robust to Higher Order Knowledge

Autor:	John R. Conlon
Rok vydání:	2004
Předmět:	Physics::Fluid Dynamics Economics and Econometrics Order (business) Simple (abstract algebra) Bubble Economics Applied mathematics Asset (economics) Finite horizon First order Mathematical economics Economic bubble
Zdroj:	Econometrica. 72:927-936
ISSN:	1468-0262 0012-9682
DOI:	10.1111/j.1468-0262.2004.00516.x
Popis:	An asymmetric information model of a finite horizon “nth order” rational asset price bubble is presented, where (all agents know that)n the asset is worthless. Also, the model has only two agents, so the first order version of the bubble is simpler than other first order bubbles in the literature.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::560732e47e55725d59beb675b210e864 https://doi.org/10.1111/j.1468-0262.2004.00516.x Zobrazit plný text záznamu Plný text