The requirements for improvement in the energy efficiency of buildings, mandatory in many EU countries, entail a high level of thermal insulation of the building envelope. In recent years, super-insulation materials with very low thermal conductivity have been developed. These materials provide...

Abreu and Brunnermeier (2003) have argued that bubbles are not suppressed by arbitrageurs because they fail to synchronise on the uncertain beginning of the bubble. We propose an indirect quantitative test of this hypothesis and confront it with the alternative according to which bubbles persist...