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Bubbles

Anti-Bubbles

• Investopedia.com: Speculative Bubble
• Wikipedia: Economic bubble

"...speculative bubble: a situation in which temporarily high prices are sustained largely by investors' enthusiasm rather than by consistent estimation of real value."
Shiller (2000)

Important Papers

• ABREU, D. and M.K. BRUNNERMEIER, 2003. Bubbles and Crashes. Econometrica. [Cited by 105] (35.66/year)
• SCHEINKMAN, J.A. and W. XIONG, 2003. Overconfidence and Speculative Bubbles. Journal of Political Economy. [Cited by 85] (28.86/year)
• PEREZ, C., 2002. Technological Revolutions and Financial Capital: The Dynamics of Bubbles and Golden Ages. Edward Elgar Publishing. [Cited by 102] (25.86/year)
• BRENNER, R., 2003. The Boom and the Bubble: The US in the World Economy. books.google.com. [Cited by 68] (23.09/year)
• CASE, K.E. and R.J. SHILLER, 2003. Is There a Bubble in the Housing Market?. Brookings Papers on Economic Activity. [Cited by 52] (17.66/year)
• HONG, H., J.A. SCHEINKMAN and W. XIONG, 2005. Asset Float and Speculative Bubbles. [Cited by 16] (16.93/year)
• LUX, T., 1995. Herd Behaviour, Bubbles and Crashes. The Economic Journal. [Cited by 161] (14.71/year)
• GIARDINA, I.A. and J.P.A. BOUCHAUD, 2003. Bubbles, crashes and intermittency in agent based market models. The European Physical Journal B-Condensed Matter. [Cited by 36] (12.22/year)
• SANTOS, M.S. and M. WOODFORD, 1997. Rational Asset Pricing Bubbles. Econometrica. [Cited by 105] (11.74/year)
• SMITH, V.L., G.L. SUCHANEK and A.W. WILLIAMS, 1988. Bubbles, Crashes, and Endogenous Expectations in Experimental Spot Asset Markets. Econometrica. [Cited by 191] (10.64/year)
• LEI, V., C.N. NOUSSAIR and C.R. PLOTT, 2001. Nonspeculative Bubbles in Experimental Asset Markets: Lack of Common Knowledge of Rationality vs. …. Econometrica. [Cited by 51] (10.31/year)

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