Rational panics and stock market crashes
Article Abstract:
Stock market crashes occur even when the fundamentals are strong. The magnitude of the crash depends on the proportion of the uninformed investors and the amount of unsophisticated passive investment in the market.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2003
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The cost of business cycles under endogenous growth
Article Abstract:
The relation between growth rate of consumption and welfare and the influence of business cycle fluctuations on these factors is analyzed.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2004
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Would rational voters acquire costly information?
Article Abstract:
Information acquisition by voters and economic aspects associated with this are discussed.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2006
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