Hui-Chen Wang

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  • John R Conlon, Franklin Allen, Mike Be-Longia, Richard Boylan, Sumali Conlon, Doug Cook +17 others
  • 2008
Policy towards speculative bubbles is examined in a model of a Þnite horizon " greater fool " bubble, with rational agents, asymmetric information and short-sales constraints. This model permits the use of standard tools of comparative dynamics and welfare economics to analyze bubble policies. Government policy is modeled as deßating overpriced assets by(More)
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