The simplest rational greater-fool bubble model

DOI10.1016/J.JET.2018.01.001zbMATH Open1422.91503OpenAlexW2782283671MaRDI QIDQ1753680FDOQ1753680

Feng Liu, John R. Conlon

Publication date: 29 May 2018

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2018.01.001

zbMATH Keywords

asymmetric informationgreater-fool bubble

Mathematics Subject Classification ID

Economic growth models (91B62)

Cites Work

• Bubbles and Crashes
• Asset Bubbles and Overlapping Generations
• Finite bubbles with short sale constraints and asymmetric information
• A robust model of bubbles with multidimensional uncertainty
• A finite model of riding bubbles
• A leverage-based model of speculative bubbles
• Speculative Investor Behavior in a Stock Market with Heterogeneous Expectations
• Simple Finite Horizon Bubbles Robust to Higher Order Knowledge
• A note on 'fulfilled expectations' equilibria
• Depth of knowledge and the effect of higher order uncertainty

Cited In (6)

• A model of financial pyramid with quasi-rational participants
• The impact of interest rate policy on individual expectations and asset bubbles in experimental markets
• Optimal bubble riding with price-dependent entry: a mean field game of controls with common noise
• Speculative bubbles and talent misallocation
• A THREE‐STATE RATIONAL GREATER‐FOOL BUBBLE MODEL WITH INTERTEMPORAL CONSUMPTION SMOOTHING
• Rational bubbles and middlemen

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