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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$xHistory
615  0$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   $a9910786687403321
996   $aSpeculation, trading, and bubbles$93764748
997   $aUNINA