Bubbles and Crashes

DOI10.1111/1468-0262.00393zbMath1136.91389OpenAlexW3125555882MaRDI QIDQ5472957

Dilip Abreu, Markus K. Brunnermeier

Publication date: 19 June 2006

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1111/1468-0262.00393

Mathematics Subject Classification ID

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

Related Items (50)

Distrust in experts and the origins of disagreement ⋮ A quantitative description for efficient financial markets ⋮ Asset pledgeability and endogenously leveraged bubbles ⋮ Introduction to economic theory of bubbles. II ⋮ A finite model of riding bubbles ⋮ Speculative bubbles and talent misallocation ⋮ FINANCIAL BUBBLE IMPLOSION AND REVERSE REGRESSION ⋮ Bubbles and persuasion with uncertainty over market sentiment ⋮ The Formation of Financial Bubbles in Defaultable Markets ⋮ Liquidity Induced Asset Bubbles via Flows of ELMMs ⋮ Short-sale constraints, information acquisition, and asset prices ⋮ On the performance of West's bubble test: a simulation approach ⋮ Limited records and reputation bubbles ⋮ Rational bubbles and middlemen ⋮ A model of regret, investor behavior, and market turbulence ⋮ Multilevel marketing: Pyramid‐shaped schemes or exploitative scams? ⋮ A leverage-based model of speculative bubbles ⋮ Portfolio constraints, differences in beliefs and bubbles ⋮ Liquidity Based Modeling of Asset Price Bubbles via Random Matching ⋮ A THREE‐STATE RATIONAL GREATER‐FOOL BUBBLE MODEL WITH INTERTEMPORAL CONSUMPTION SMOOTHING ⋮ Conformism and public news ⋮ Bubble measures in experimental asset markets ⋮ A simple model for market booms and crashes ⋮ Shifting martingale measures and the birth of a bubble as a submartingale ⋮ Strategic merger waves: A theory of musical chairs ⋮ ASSET PRICE BUBBLES IN INCOMPLETE MARKETS ⋮ Asset bubbles and borrowing constraints ⋮ Coordinated bubbles and crashes ⋮ How do experienced traders respond to inflows of inexperienced traders? An experimental analysis ⋮ Rational destabilization in a frictionless market ⋮ The simplest rational greater-fool bubble model ⋮ Optimal monetary policy in a regime-switching economy: The response to abrupt shifts in exchange rate dynamics ⋮ Clock games: theory and experiments ⋮ (A)symmetric information bubbles: experimental evidence ⋮ A computational view of market efficiency ⋮ Financial Asset Bubbles in Banking Networks ⋮ LOCK-IN OF EXTRAPOLATIVE EXPECTATIONS IN AN ASSET PRICING MODEL ⋮ Snowballing private information ⋮ Bubble detection and sector trading in real time ⋮ On the predictability of stock market bubbles: evidence from LPPLS confidence multi-scale indicators ⋮ Unnamed Item ⋮ A particle model for the herding phenomena induced by dynamic market signals ⋮ Asset price bubbles in markets with transaction costs ⋮ Learning in crowded markets ⋮ INEFFICIENT BUBBLES AND EFFICIENT DRAWDOWNS IN FINANCIAL MARKETS ⋮ Information acquisition in the era of fair disclosure: an application of asymmetric awareness ⋮ Timing games with irrational types: leverage-driven bubbles and crash-contingent claims ⋮ TESTING FOR MULTIPLE BUBBLES: HISTORICAL EPISODES OF EXUBERANCE AND COLLAPSE IN THE S&P 500 ⋮ Toxic asset bubbles ⋮ Stock market bubbles and unemployment

This page was built for publication: Bubbles and Crashes