Sakawa, Hideaki; Watanabel, Naoki - In: The IUP Journal of Financial Economics VII (2009) 2, pp. 40-46
This paper examines the sufficient condition for the existence of synchronization risk as defined in Abreu and Brunnermeier (2003). Using a numerical example, it shows that there is an upper bound to the selling threshold for bubble bursting. This implies that the selling threshold stipulated as...
