Beauty Contests, Bubbles and Iterated Expectations in Asset Markets ∗
By Franklin Allen, Stephen Morris, Hyun Song Shin. 2003
123 citations recorded by the source corpus.
View Paper: https://www.semanticscholar.org/paper/3b3b0e782b14d99884cf3330d307f749a5f9bec8
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Citations in the corpus
- Learning in Financial Markets (2009, background): “…and Schneider (2007)), learningby-doing (e.g., Arrow (1962), Berk, Green, and Naik (2004)), informational cascades (e.g., Welch (1992)), incomplete information equilibria (e.g., Feldman (2007)), and higher-order beliefs (e.g., Allen, Morris, and Shin (2006), Banerjee, Kaniel, and Kremer (2009)).”
- Do Stock Price Bubbles Influence Corporate Investment (2005, unknown): “3See also Allen, Morris, and Shin (2003).”
- Towards a Macroprudential Framework for Financial Supervision and Regulation? (2003, unknown): “25 See eg Allen and Gale (2000), Allen et al (2003) and Abreu and Brunnermeier (2003).”
- Liquidity and Financial Market Runs (2002, unknown): “…calls) that limits the aggressiveness of short positions at date 0 (see, e.g., Liu and Longstaff (2000)).9 9Rational expectations models relying on information are similarly concerned with breaking backward induction arbitrage links include Dow and Gorton (1994) and Allen, Morris, and Shin (2002).”
- Higher Order Expectations in Asset Pricing (2004, unknown): “The starting point for the solution is equation (2) and the conjectured price equation (23):”
- Equilibria in financial markets with heterogeneous agents: a probabilistic perspective (2005, background): “The idea here is that a small amount of non-fundamental trade may generate considerable volatility since traders perceive movements in asset prices as conveying information about future values of fundamentals; see Allen, Morris, and Shin (2003).”
- A Theory of Demand Shocks (2009, background): “6See Hellwig (2002), George-Marios Angeletos and Alessandro Pavan (2004), Jeffery Amato et al. (2005), Franklin Allen et al. (2006).”