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BUBBLES AND FADS IN ASSET PRICES (1989)

Camerer, Colin

Oxford, UK : Blackwell Publishing Ltd

Journal of economic surveys 3 (1989), S. 0

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ISSN: 1467-6419

Source: Blackwell Publishing Journal Backfiles 1879-2005

Topics: Economics

Notes: 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 discussed.

Type of Medium: Electronic Resource

URL: http://dx.doi.org/10.1111/j.1467-6419.1989.tb00056.x

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