Relative Wealth Concerns and Financial Bubbles
By Peter M. DeMarzo, Ron Kaniel, Ilan Kremer. 2008
202 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/d902675ef762069917370a09a46d5c57406475c4
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- Nicolae Gârleanu
- Stavros Panageas
- Neal Galpin
- Gilles-Edouard Espinosa
- Leonid Kogan
- Nizar Touzi
- R. Ray
- Chi Seng Pun
In Finance
- Nicolae Gârleanu
- Stavros Panageas
- Neal Galpin
- Gilles-Edouard Espinosa
- Leonid Kogan
- Nizar Touzi
- R. Ray
- Chi Seng Pun
Citations in the corpus
- The Role of the Media in the Internet IPO Bubble (2009, background): “A sample of papers that argue that fundamentals could explain the dramatic rise and fall of Internet share prices in the late 1990s includes DeMarzo, Kaniel, and Kremer (2008) and Pastor and Veronesi (2006), (2009).”
- Displacement Risk and Asset Returns (2012, background): “A number of papers use an overlapping-generations framework to study asset-pricing phenomena, e.g., Abel (2003), Constantinides et al. (2002), Geanakoplos et al. (2004), DeMarzo et al. (2004, 2008), Gârleanu and Panageas (2007), Gomes and Michaelides (2008), or Storesletten et al. (2007).”
- Robust non-zero-sum stochastic differential reinsurance game (2016, background): “DeMarzo et al. (2008) point out that the concept of relative performance concerns is relevant to financial bubbles and excess volatility.”
- OPTIMAL INVESTMENT UNDER RELATIVE PERFORMANCE CONCERNS (2015, background): “…have emphasized the importance of relative concerns in human behaviors, see Veblen (1899) for the sociological part, and Abel (1990), Gali (1994), Gomez, Priestley, and Zapatero (2007), or DeMarzo, Kaniel, and Kremer (2008) for economic works, considering simple models in discrete time frameworks.”
- Real and Financial Industry Booms and Busts (2010, unknown): “Durnev et al. (2004) and Chen et al.”
- Bubbles, Financial Crises, and Systemic Risk (2012, unknown): “In the Diamond-Dybvig model, bank runs arise only as sunspot phenomena. One implication is that bank runs may arise at any time, and not necessarily during financial crises. However, empirically bank runs seem to be related to fundamental information. For example, Gorton (1988) demonstrates that ban”