Rational Frenzies and Crashes
收藏NBER1991-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/t0112
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资源简介：
Most markets clear through a sequence of sales rather than through a Walrasian auctioneer. Because buyers can decide between buying now or later, rather than only now or never, buyers' current 'willingness to pay' is much more sensitive to price than is the demand curve. A consequence is that
提供机构：
美国国家经济研究局
创建时间：
1991-09-01
