Search

Showing 3,681-3,700 of 17,591 items.

Rational Exuberance

By Stephen F. Le Roy

Journal of Economic Literature, September 2004

This article reviews the theory of speculative bubbles. Bubbles are a promising candidate as an explanation for the stock price run-up and collapse of the 1990s in the United States. The theory considers both irrational and rational bubbles, with emphasis...

Field Experiments

By Glenn W. Harrison and John A. List

Journal of Economic Literature, December 2004

Experimental economists are leaving the reservation. They are recruiting subjects in the field rather than in the classroom, using field goods rather than induced valuations, and using field context rather than abstract terminology in instructions. We arg...