Tournament incentives and asset price bubbles: Evidence from a field experiment

被引：3

作者：

Berlemann, Michael ^{[1
]}

Voepel, Henning ^{[2
,3
]}

机构：

[1] Univ Hamburg, D-22043 Hamburg, Germany

[2] Hamburg Inst Int Econ HWWI, Hamburg, Germany

[3] Hamburg Sch Business Adm HSBA, Hamburg, Germany

来源：

ECONOMICS LETTERS | 2012年 / 115卷 / 02期

关键词：

Experimental stock markets; Speculative bubble; Communication; Tournament incentives; MARKETS;

D O I：

10.1016/j.econlet.2011.12.043

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this note we show at the example of an experimental stock market, conducted on the occasion of the World Soccer Championship 2010 in South Africa, how tournament incentives might contribute to the formation of asset price bubbles. (C) 2012 Published by Elsevier B.V.

引用

页码：232 / 235

页数：4

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