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The simplest rational greater-fool bubble model

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Publication:1753680
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DOI10.1016/j.jet.2018.01.001zbMath1422.91503OpenAlexW2782283671MaRDI QIDQ1753680

Feng Liu, John R. Conlon

Publication date: 29 May 2018

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2018.01.001

zbMATH Keywords

asymmetric informationgreater-fool bubble


Mathematics Subject Classification ID

Economic growth models (91B62)


Related Items

Speculative bubbles and talent misallocation, A model of financial pyramid with quasi-rational participants, Rational bubbles and middlemen, A THREE‐STATE RATIONAL GREATER‐FOOL BUBBLE MODEL WITH INTERTEMPORAL CONSUMPTION SMOOTHING, The impact of interest rate policy on individual expectations and asset bubbles in experimental markets



Cites Work

  • A finite model of riding bubbles
  • A leverage-based model of speculative bubbles
  • A note on 'fulfilled expectations' equilibria
  • Finite bubbles with short sale constraints and asymmetric information
  • Depth of knowledge and the effect of higher order uncertainty
  • A Robust Model of Bubbles With Multidimensional Uncertainty
  • Speculative Investor Behavior in a Stock Market with Heterogeneous Expectations
  • Bubbles and Crashes
  • Simple Finite Horizon Bubbles Robust to Higher Order Knowledge
  • Asset Bubbles and Overlapping Generations
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