A leverage-based model of speculative bubbles

DOI10.1016/j.jet.2014.07.012zbMath1309.91100MaRDI QIDQ406414

Gadi Barlevy

Publication date: 8 September 2014

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

Full work available at URL: http://www.chicagofed.org/digital_assets/publications/working_papers/2008/wp2008_01.pdf

zbMATH Keywords

bubbles; speculation; risk-shifting; Spence-Miyazaki-Wilson contracts

Mathematics Subject Classification ID

91B64: Macroeconomic theory (monetary models, models of taxation)

91B24: Microeconomic theory (price theory and economic markets)

91G40: Credit risk

91G99: Actuarial science and mathematical finance