An asymmetric information model of a finite horizon “th order” rational asset price bubble is presented, where (all agents know that) the asset is worthless. Also, the model has only two agents, so the first order version of the bubble is simpler than other first order bubbles in the literature.
MLA
Conlon, John R.. “Simple Finite Horizon Bubbles Robust to Higher Order Knowledge.” Econometrica, vol. 72, .no 3, Econometric Society, 2004, pp. 927-936, https://doi.org/10.1111/j.1468-0262.2004.00516.x
Chicago
Conlon, John R.. “Simple Finite Horizon Bubbles Robust to Higher Order Knowledge.” Econometrica, 72, .no 3, (Econometric Society: 2004), 927-936. https://doi.org/10.1111/j.1468-0262.2004.00516.x
APA
Conlon, J. R. (2004). Simple Finite Horizon Bubbles Robust to Higher Order Knowledge. Econometrica, 72(3), 927-936. https://doi.org/10.1111/j.1468-0262.2004.00516.x
The Executive Committee of the Econometric Society has approved an increase in the submission fees for papers in Econometrica. Starting January 1, 2025, the fee for new submissions to Econometrica will be US$125 for regular members and US$50 for student members.
By clicking the "Accept" button or continuing to browse our site, you agree to first-party and session-only cookies being stored on your device. Cookies are used to optimize your experience and anonymously analyze website performance and traffic.
