Rational Bubbles in Stock Prices?
收藏NBER1985-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w1779
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资源简介：
This paper reports empirical tests for the existence of rational bubbles in stock prices. The analysis focuses on a familiar model that defines market fundamentals to be the expected present value of dividends, discounted at a constantrate, and defines a rational bubble to be a self-confirming
提供机构：
美国国家经济研究局
创建时间：
1985-10-01
