Results 221 to 230 of about 374,412 (288)

Overconfidence and Speculative Bubbles

Journal of Political Economy, 2003
Motivated by the behavior of asset prices, trading volume, and price volatility during episodes of asset price bubbles, we present a continuous‐time equilibrium model in which overconfidence generates disagreements among agents regarding asset fundamentals. With short‐sale constraints, an asset buyer acquires an option to sell the asset to other agents
Jose A. Scheinkman, Wei Xiong
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Asset shortages, liquidity and speculative bubbles

Journal of Economic Theory, 2019
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Gaetano Bloise, Alessandro Citanna
openaire   +4 more sources

Speculative bubbles in agricultural prices

The Quarterly Review of Economics and Finance, 2015
Abstract We use the momentum threshold autoregressive (MTAR) approach to test for speculative bubbles in US corn, soybean and wheat prices. To approximate fundamental values of these agricultural commodities, we use real crude oil prices and real exchange rates.
Philipp Adämmer, Martin T. Bohl
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Speculative bubbles in segmented markets: Evidence from Chinese cross-listed stocks

Journal of International Money and Finance, 2020
We propose a novel approach for testing for speculative bubbles in segmented capital markets. The basic idea is that, under capital controls, heterogeneity of speculative expectations across international equity markets causes financial assets with ...
Efthymios G Pavlidis, Kostas Vasilopoulos   +1 more
exaly   +2 more sources

Probability of price crashes, rational speculative bubbles, and the cross-section of stock returns

Journal of Financial Economics, 2019
We estimate an ex ante probability of extreme negative returns (crashes) of individual stocks as a measure of potential overpricing and find that stocks with a high probability of crashes earn abnormally low returns.
Jeewon Jang
exaly   +2 more sources

Using Market Expectations to Test for Speculative Bubbles in the Crude Oil Market

Journal of Money, Credit and Banking, 2018
The wide fluctuations of oil prices from 2003 to 2008 have attracted the interest of academics and policymakers. A popular view is that these fluctuations were caused by speculative bubbles due to the increased financialization of oil futures markets ...
Efthymios G Pavlidis, Ivan Paya, David A Peel   +2 more
exaly   +2 more sources

Speculative Bubbles and Talent Misallocation

SSRN Electronic Journal, 2021
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Dong, Feng, Jia, Yandong, Wang, Siqing
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SPECULATIVE BUBBLES AND FINANCIAL MARKETS

Oxford Economic Papers, 1992
info:eu-repo/semantics ...
Adam, Marie Christine, Szafarz, Ariane
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Speculative bubbles and contagion: Analysis of volatility’s clusters during the DotCom bubble based on the dynamic conditional correlation model

Cogent Economics and Finance, 2017
Reviewing the definition and measurement of speculative bubbles in context of contagion, this paper analyses the DotCom bubble in American and European equity markets using the dynamic conditional correlation (DCC) model proposed as on one hand as an ...
Pedro L Valls Pereira, Xibin Zhang
exaly   +2 more sources

Speculative bubbles under supply constraints, background risk and investment fraud in the art market

Journal of Corporate Finance, 2020
We examine the unexplored effects on art markets of artist death (asset supply constraints), collectors' wealth (background risk) and forgery risk (risk of investment fraud), under short-sale constraints and risk aversion.
A. Bernales, Lorenzo Reus, Víctor Valdenegro   +2 more
semanticscholar   +1 more source