Speculation, Trading, and Bubbles (Kenneth J. Arrow Lecture Series)

by Joseph E. Stiglitz (Author), Kenneth Arrow (Author), Patrick Bolton (Author), José A. Scheinkman (Author), Sanford J. Grossman (Author), Sanford Grossman (Author)

• New

  Hardcover
  2014

  $20.17

  Jose A. Scheinkman offers new insight into the mystery of bubbles in financial markets. 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.