On The Possibility of Price Decreasing Bubbles
收藏NBER1989-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w2821
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资源简介：
It is often argued that a rational bubble, because it is positive, must increase the price of a stock. This argument is not valid in general: as soon as bubbles affect interest rates, the fundamental value of a stock depends on whether or not a bubble is present. The existence of a rational bubble
提供机构：
美国国家经济研究局
创建时间：
1989-01-01
