Bubbles and Fads in Asset Prices (1989)
by
Colin Camerer
| Venue: | Journal of Economic Surveys |
| Citations: | 16 - 0 self |
BibTeX
@ARTICLE{Camerer89bubblesand,
author = {Colin Camerer},
title = {Bubbles and Fads in Asset Prices},
journal = {Journal of Economic Surveys},
year = {1989},
pages = {3--41}
}
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Abstract
Abslract. The article considers the possibility that asset prices might deviate from intrinsic values based on market fundamentals. Three broad categories of theory are surveyed: (a) growing bubbles (b) fads and (c) information bubbles. 'Sunspot' theories are also discussed. The paper covers both theory and evidence, and directions for future research are discussed.
