Rational bubbles : theoretical basis, economic relevance, and empirical evidence with a special emphasis on the German stock market /
This book evaluates formally the theory of rational bubbles. A general procedure for deriving rational bubbles is provided in the first part of the book. All bubble processes discussed in literature so far could be obtained by the procedure presented. Furthermore, the set of bubble processes has bee...
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| Format: | eBook |
| Language: | English |
| Published: |
Berlin ; New York :
Springer,
[1997]
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| Series: | Lecture notes in economics and mathematical systems ;
451. |
| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
Table of Contents:
- Contents: Introduction
- On the Theoretical Derivability of Rational Bubbles
- On the Economic Relevance of Rational Bubbles
- On Testing for Rational Bubbles
- On the Explanatory Power of Rational Bubbles on the German Stock Market
- Concluding Remarks
- Results
- Distributional Properties and Critical Values.