Rational Frenzies and Crashes.

Rational Frenzies and Crashes.

Taispeáin leaganacha eile (2)

Most markets clear through a sequence of sales rather than through a Walrasian auctioneer. Because buyers can decide whether to buy now or later, rather than only now or never, their current 'willingness to pay' is much more sensitive to price than the demand curve is. A consequence is tha...

Cur síos iomlán

Sonraí bibleagrafaíochta
Príomhchruthaitheoirí:	Bulow, J, Klemperer, P
Formáid:	Journal article
Teanga:	English
Foilsithe / Cruthaithe:	1994

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