Bubble Dynamics

  • Vogel H
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Abstract

Risk premiums, exponentiality, equilibrium concepts, elasticity, and trading volume characteristics provide the foundation for a new approach in which extreme market events are driven by short-side rationing, as emphasis increasingly shifts from prices received or paid to quantities held or not held. In economics and finance the notion of equilibrium is fictional and useless.

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APA

Vogel, H. L. (2018). Bubble Dynamics. In Financial Market Bubbles and Crashes, Second Edition (pp. 299–336). Springer International Publishing. https://doi.org/10.1007/978-3-319-71528-5_8

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