ECONOMIC INSTRUCTION - Price Bubbles with Discounting: A Web-Based Classroom Experiment - The authors describe a Web-based classroom experiment with two assets: Cash and a stock that pays a random dividend. The interest rate on cash, coupled with a well-chosen final redemption value for the stock, induces a flat trajectory for the fundamental value of the stock. However, prices typically rise ...
| Year of publication: |
2009
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| Authors: | Bostian, AJ A. ; Holt, Charles A. |
| Published in: |
The journal of economic education. - Philadelphia, Pa : Routledge, ISSN 0022-0485, ZDB-ID 4105357. - Vol. 40.2009, 1, p. 27-37
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