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Rational Finite Bubbles

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NBER1991-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w3707
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There has been a long-running debate about whether stock market prices are determined by fundamentals. To date no consensus has been reached. An important issue in this debate concerns the circumstances in which deviations from fundamentals are consistent with rational behavior. A continuous-time
创建时间:
1991-05-01
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