PRICE BUBBLES AND CRASHES IN EXPERIMENTAL CALL MARKETS

被引：92
|
作者：
VANBOENING, MV
WILLIAMS, AW
LAMASTER, S
机构：
[1] INDIANA UNIV,DEPT ECON,BLOOMINGTON,IN 47405
[2] UNIV MISSISSIPPI,DEPT ECON & FINANCE,UNIVERSITY,MS 38655
[3] UNIV ARIZONA,ECON SCI LAB,TUCSON,AZ 85721
来源：
ECONOMICS LETTERS | 1993年 / 41卷 / 02期
基金：
美国国家科学基金会;
关键词：
D O I：
10.1016/0165-1765(93)90194-H
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Price bubbles relative to intrinsic dividend value are observed using a call market trading institution. Market prices tend to track intrinsic value only when the same group of highly experienced traders participate in three consecutive 15-round markets.
引用
收藏
页码：179 / 185
页数：7
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