On the Inception of Rational Bubbles in Stock Prices
收藏NBER1986-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w1990
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资源简介：
This paper analyzes the theoretical possibility of rational bubbles in stock prices in a model in which stockholders have infinite planning horizons and in which free disposal of equity rules out the existence of negative rational bubbles. The analysis shows that in this framework if a positive
提供机构：
美国国家经济研究局
创建时间：
1986-07-01
