On the interplay between speculative bubbles and productive investment
Sign Up to like & getrecommendations! Published in 2019 at "European Economic Review"
DOI: 10.1016/j.euroecorev.2018.11.002
Abstract: The aim of this paper is to study the interplay between long term productive investments and more short term and liquid speculative ones. A three-period lived overlapping generations model allows us to make this distinction.… read more here.
Keywords: speculative bubbles; capital; productive investment; investment ... See more keywords
Learning in speculative bubbles: Theory and experiment
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DOI: 10.1016/j.jebo.2021.01.009
Abstract: Abstract Does learning reduce or fuel speculative bubbles? We study this issue in the context of the Bubble Game proposed by Moinas and Pouget (2013). Our theoretical analysis based on adaptive learning shows that i)… read more here.
Keywords: bubbles theory; learning speculative; speculative bubbles; theory experiment ... See more keywords