LEADER 03596nam 2200733 450 001 9910464183303321 005 20211018125147.0 010 $a0-231-53763-8 024 7 $a10.7312/sche15902 035 $a(CKB)3710000000126682 035 $a(EBL)1708621 035 $a(SSID)ssj0001265463 035 $a(PQKBManifestationID)11748419 035 $a(PQKBTitleCode)TC0001265463 035 $a(PQKBWorkID)11243212 035 $a(PQKB)10331985 035 $a(MiAaPQ)EBC1708621 035 $a(DE-B1597)458496 035 $a(OCoLC)881417253 035 $a(OCoLC)984630176 035 $a(DE-B1597)9780231537636 035 $a(PPN)203514955 035 $a(Au-PeEL)EBL1708621 035 $a(CaPaEBR)ebr10887370 035 $a(CaONFJC)MIL685437 035 $a(EXLCZ)993710000000126682 100 $a20140307h20142014 uy| 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aSpeculation, trading, and bubbles /$fJose? A. Scheinkman, with Kenneth J. Arrow [and three others] 205 $aPilot project. eBook available to selected US libraries only 210 1$aNew York :$cColumbia University Press,$d[2014] 210 4$d©2014 215 $a1 online resource (137 p.) 225 1 $aKenneth J. Arrow lecture series 300 $aDescription based upon print version of record. 311 $a1-322-54155-8 311 $a0-231-15902-1 320 $aIncludes bibliographical references and index. 327 $tFront matter --$tCONTENTS --$tForeword /$rArrow, Kenneth J. --$tAcknowledgments /$rStiglitz, Joseph E. --$tINTRODUCTION /$rStiglitz, Joseph E. --$tSPECULATION, TRADING, AND BUBBLES /$rScheinkman, José A. --$tAPPENDIX: A FORMAL MODEL --$tCOMMENTARY /$rBolton, Patrick --$tCOMMENTARY /$rGrossman, Sanford J. --$tCOMMENTARY /$rArrow, Kenneth J. --$tDISCUSSION --$tNotes --$tReferences --$tNotes on Contributors --$tIndex 330 $aAs long as there have been financial markets, there have been bubbles-those moments in which asset prices inflate far beyond their intrinsic value, often with ruinous results. Yet economists are slow to agree on the underlying forces behind these events. In this book José A. Scheinkman offers new insight into the mystery of bubbles. Noting some general characteristics of bubbles-such as the rise in trading volume and the coincidence between increases in supply and bubble implosions-Scheinkman offers a model, based on differences in beliefs among investors, that explains these observations. Other top economists also offer their own thoughts on the issue: Sanford J. Grossman and Patrick Bolton expand on Scheinkman's discussion by looking at factors that contribute to bubbles-such as excessive leverage, overconfidence, mania, and panic in speculative markets-and Kenneth J. Arrow and Joseph E. Stiglitz contextualize Scheinkman's findings. 410 0$aKenneth J. Arrow lecture series. 606 $aSpeculation$xHistory 606 $aInvestments$xHistory 606 $aCapital market$xHistory 606 $aStocks$xPrices$xHistory 608 $aElectronic books. 615 0$aSpeculation$xHistory. 615 0$aInvestments$xHistory. 615 0$aCapital market$xHistory. 615 0$aStocks$xPrices$xHistory. 676 $a332.64/5 700 $aScheinkman$b Jose? Alexandre$0411428 702 $aArrow$b Kenneth J. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910464183303321 996 $aSpeculation, trading, and bubbles$92475002 997 $aUNINA