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Scheinkman

Speculation, Trading, and Bubbles

Medium: Buch
ISBN: 978-0-231-15902-9
Verlag: Columbia University Press
Erscheinungstermin: 08.07.2014
Lieferfrist: bis zu 10 Tage

As long as there have been financial markets, there have been bubbles those moments in which asset prices inflate far beyond their intrinsic value, often with ruinous results. Yet economists are slow to agree on the underlying forces behind these events. In this book José A. Scheinkman offers new insight into the mystery of bubbles. Noting some general characteristics of bubbles such as the rise in trading volume and the coincidence between increases in supply and bubble implosions Scheinkman offers a model, based on differences in beliefs among investors, that explains these observations.

Other top economists also offer their own thoughts on the issue: Sanford J. Grossman and Patrick Bolton expand on Scheinkman's discussion by looking at factors that contribute to bubbles such as excessive leverage, overconfidence, mania, and panic in speculative markets and Kenneth J. Arrow and Joseph E. Stiglitz contextualize Scheinkman's findings.


Produkteigenschaften


  • Artikelnummer: 9780231159029
  • Medium: Buch
  • ISBN: 978-0-231-15902-9
  • Verlag: Columbia University Press
  • Erscheinungstermin: 08.07.2014
  • Sprache(n): Englisch
  • Auflage: Erscheinungsjahr 2014
  • Serie: Kenneth J. Arrow Lecture Series
  • Produktform: Gebunden
  • Gewicht: 312 g
  • Seiten: 128
  • Format (B x H x T): 146 x 216 x 20 mm
  • Ausgabetyp: Kein, Unbekannt
Autoren/Hrsg.

Autoren

Weitere Mitwirkende

Patrick Bolton is the David Zalaznick Professor of Business at Columbia Business School. He is the co-author of Contract Theory (MIT Press, 2005) and the co-editor of Credit Markets for the Poor (Russell Sage Foundation, 2005).

Foreword, by Kenneth J. ArrowAcknowledgments, by Joseph E. StiglitzIntroduction, by Joseph E. StiglitzSpeculation, Trading, and Bubbles, by José A. ScheinkmanAppendix: A Formal ModelCommentary, by Patrick BoltonCommentary, by Sanford J. GrossmanCommentary, by Kenneth J. ArrowDiscussionNotesReferencesNotes on ContributorsIndex

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