Crashing of efficient stochastic bubbles
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DOI: 10.1016/j.jmateco.2019.07.005
Abstract: Abstract Efficiency is not commonly related to the crash of bubbles. However in the presence of wary agents, infinite-lived agents that are worried about distant losses, efficient bubbles may occur and, in a stochastic setting,… read more here.
Keywords: crashing efficient; efficient stochastic; stochastic bubbles; price ... See more keywords