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Retrading, production, and asset market performance

Prior studies have shown that traders quickly converge to the price–quantity equilibrium in markets for goods that are immediately consumed, but they produce speculative price bubbles in resalable asset markets. We present a stock-flow model of durable assets in which the existing stock of assets is...

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Bibliografiske detaljer
Udgivet i:Proc Natl Acad Sci U S A
Main Authors: Gjerstad, Steven D., Porter, David, Smith, Vernon L., Winn, Abel
Format: Artigo
Sprog:Inglês
Udgivet: National Academy of Sciences 2015
Fag:
Online adgang:https://ncbi.nlm.nih.gov/pmc/articles/PMC4664341/
https://ncbi.nlm.nih.gov/pubmed/26553991
https://ncbi.nlm.nih.govhttp://dx.doi.org/10.1073/pnas.1517038112
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