Replication package for: Does Speculation in Financial Markets Have Real Effects?

This package contains the replication files to reproduce the results (figures and tables) in "Does Speculations in Financial Markets Have Real Effects?" by Tao Li and Mark Loewenstein, to be published in the Review of Economic Studies. The README file describes data files (both model solution and empirical data (sources)), program files, and instructions on how to replicate the figures and tables in the paper.