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On the relation between economic bubbles and effort gaps between sellers and buyers: An experimental study
Economic bubbles are an empirical puzzle because they do not readily fit the notion of an efficient market. We argue that bubbles are associated with a conflict and a gap in the allocation of effort during negotiation by sellers and buyers. We examined 21 experimental asset markets where in one cond...
Autores principales: | , , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Public Library of Science
2017
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5724868/ https://www.ncbi.nlm.nih.gov/pubmed/29228034 http://dx.doi.org/10.1371/journal.pone.0189359 |