Miyakoshi, Tatsuyoshi; Li, Kui-Wai; Shimada, Junji - Volkswirtschaftliche Fakultät, … - 2014
This paper uses Hong Kong stock market’s four sub-indices to examine the existence and causes of rational expectation … 2000-2012, the bubbles of Commerce & Industry and Utilities industries are consistent with rational expectation bubbles …, but not so in the Finance and Properties industries. In general, the rational expectation bubbles in the two sub …