BUBBLES AND FADS IN ASSET PRICES
作者:
Colin Camerer,
期刊:
Journal of Economic Surveys
(WILEY Available online 1989)
卷期:
Volume 3,
issue 1
页码: 3-41
ISSN:0950-0804
年代: 1989
DOI:10.1111/j.1467-6419.1989.tb00056.x
出版商: Blackwell Publishing Ltd
关键词: Bubbles;fads;information;sunspots
数据来源: WILEY
摘要:
Abstract.The article considers the possibility that asset prices might deviate from intrinsic values based on market fundamentals. Three broad categories of theory are surveyed: (a) growing bubbles (b) fads and (c) information bubbles. ‘Sunspot’theories are also discussed. The paper covers both theory and evidence, and directions for future research are discus
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