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Speculation, trading, and bubbles / / José A. Scheinkman, with Kenneth J. Arrow [and three others]



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Autore: Scheinkman José Alexandre Visualizza persona
Titolo: Speculation, trading, and bubbles / / José A. Scheinkman, with Kenneth J. Arrow [and three others] Visualizza cluster
Pubblicazione: New York : , : Columbia University Press, , [2014]
©2014
Edizione: Pilot project. eBook available to selected US libraries only
Descrizione fisica: 1 online resource (137 p.)
Disciplina: 332.64/5
Soggetto topico: Speculation - History
Investments - History
Capital market - History
Stocks - Prices - History
Persona (resp. second.): ArrowKenneth J.
Note generali: Description based upon print version of record.
Nota di bibliografia: Includes bibliographical references and index.
Nota di contenuto: Front matter -- CONTENTS -- Foreword / Arrow, Kenneth J. -- Acknowledgments / Stiglitz, Joseph E. -- INTRODUCTION / Stiglitz, Joseph E. -- SPECULATION, TRADING, AND BUBBLES / Scheinkman, José A. -- APPENDIX: A FORMAL MODEL -- COMMENTARY / Bolton, Patrick -- COMMENTARY / Grossman, Sanford J. -- COMMENTARY / Arrow, Kenneth J. -- DISCUSSION -- Notes -- References -- Notes on Contributors -- Index
Sommario/riassunto: 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.
Titolo autorizzato: Speculation, trading, and bubbles  Visualizza cluster
ISBN: 0-231-53763-8
Formato: Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione: Inglese
Record Nr.: 9910808889403321
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Serie: Kenneth J. Arrow lecture series.