Bubbles are recurrent economic phenomena that
frequently have far-reaching consequences for whole
economies, as was the case for the "dot-com bubble"
at the turn of the century or the recent real estate
bubbles. Clemens Eder examines whether stock price
bubbles actually exist and analyzes typical bubbles
episodes from the distant and recent past. The book
goes on to present the major types of explanatory
models: Traditional approaches are based on rational
expectations and symmetric information, demonstrating
that bubbles can occur even under these restrictive
assumptions. Newer models, on...