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" Speculation, Trading, and Bubbles. "
Document Type
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BL
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Record Number
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876515
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Main Entry
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Scheinkman, José Alexandre.
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Title & Author
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Speculation, Trading, and Bubbles.
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Publication Statement
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New York :: Columbia University Press,, 2014.
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Series Statement
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Kenneth J. Arrow Lecture Series
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Page. NO
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1 online resource (137 pages)
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ISBN
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0231537638
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: 1322541558
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: 9780231537636
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: 9781322541556
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0231159021
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9780231159029
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Bibliographies/Indexes
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Includes bibliographical references and index.
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Contents
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Table of Contents; Foreword, by Kenneth J. Arrow; Acknowledgments, by Joseph E. Stiglitz; Introduction, by Joseph E. Stiglitz; Speculation, Trading, and Bubbles, by José A. Scheinkman; Appendix: A Formal Model; Commentary, by Patrick Bolton; Commentary, by Sanford J. Grossman; Commentary, by Kenneth J. Arrow; Discussion; Notes; References; Notes on Contributors; Index.
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Abstract
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The history of financial markets is full of moments in which asset prices inflate far beyond their intrinsic value. These events are commonly called bubbles, and in this book, José A. Scheinkman and other top economists offer new explanations for this phenomenon. Scheinkman discusses some stylized facts concerning bubbles, such as high trading volume and the coincidence between bubbles' implosion and increases in supply, and he develops a model for bubbles based on differences in beliefs among investors that explains these observations. Sandy Grossman and Patrick Bolton offer commentarie.
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Subject
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Capital market-- History.
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Subject
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Investments-- History.
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Subject
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Speculation-- History.
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Subject
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Stocks-- Prices-- History.
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Subject
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BUSINESS ECONOMICS-- Econometrics.
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Subject
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BUSINESS ECONOMICS-- Finance.
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Subject
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Capital market.
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Subject
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Investments.
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Subject
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Speculation.
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Subject
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Stocks-- Prices.
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Dewey Classification
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332.645
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LC Classification
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HG6005.S34 2014eb
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