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Bubbles and Fads in Asset Prices Author info | Abstract | Publisher info | Download info | Related research | Statistics Camerer, Colin
The article considers the possibility that asset prices might deviate from intrinsic values based on market fundamentals. Three broad categories of theory are surveyed: (1) growing bubbles, (2) fads, and (3) information bubbles. "Sunspot" theories are also discussed. The paper covers both theory and evidence, and directions for future research are discussed. Copyright 1989 by Blackwell Publishers Ltd
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Article provided by Blackwell Publishing in its journal Journal of Economic Surveys .
Volume (Year): 3 (1989)
Issue (Month): 1 ()
Pages: 3-41
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Handle: RePEc:bla:jecsur:v:3:y:1989:i:1:p:3-41Contact details of provider: Web page: http://www.blackwellpublishing.com/journal.asp?ref=0950-0804
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