Construct · 1 fields · 1 citations

rational bubble: a standalone construct

One name. One construct. A landmark on the map.

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Economics

an asset price above fundamental value that can persist among fully rational investors when the economy grows fast enough.

In economics, rational bubble refers to an asset price above fundamental value that can persist among fully rational investors when the economy grows fast enough. This meaning comes from Tirole (1985) in Econometrica.[1]

Unit
Recovery means
Measured by

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Nearby constructs

asset2 fields · 2 citationsjingle · one word, two constructs bubble4 fields · 4 citationsjingle · one word, four constructs value6 fields · 12 citationsjingle · one name, six constructs

References

Tirole, J. (1985). Asset Bubbles and Overlapping Generations. Econometrica, 53(6), 1499. https://doi.org/10.2307/1913232

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