太阳成集团tyc7111cc
WISE
Chow Institute
User Center
Old Version
Chinese
CHINESE
EN
About
About Us
Contact US
People
Faculty Directory
Staff Dirctiory
Program
The Undergraduate Program
The Graduate Program
International Graduate Program
The Part-time Graduate Course Program
Study Aboad Program
Course Catalogue
Research
Publications
Working Papers
News & Events
News
Announcements
Academic Calendar
Seminars
Workshop & Conference
EN
CHINESE
EN
WISE
Chow Institute
User Center
About
About Us
Contact US
People
Faculty Directory
Staff Dirctiory
Program
The Undergraduate Program
The Graduate Program
International Graduate Program
The Part-time Graduate Course Program
Study Aboad Program
Course Catalogue
Research
Publications
Working Papers
News & Events
News
Announcements
Academic Calendar
Seminars
Workshop & Conference
Research
Research
Publications
Working Papers
Research
Publications
Working Papers
Publications
Location:
Home
->
Research
->
Publications
-> Content
信息结构与资产价格泡沫研究——基于经济学实验方法
id: 2204
Date: 20131014
status: published
Times:
Magazines
2013年第9期,第54-61页
Author
张振轩, 陈国进, Jason Shachat
Content
本文使用实验经济学方法研究了资产价值相关信息的分布结构对资产价格泡沫的影响。我们设定了无信息、公共信息和私有信息等三种信息结构,实验结果表明,资产泡沫的大小及动态变化在不同信息结构下存在显著差异:(1)当交易者市场经验较少时,无信息和公共信息的市场上泡沫较大,而私有信息的市场上泡沫最小;(2)随着交易经验的增加,无信息和公共信息的市场上泡沫大幅降低,私有信息市场的泡沫水平在三种信息结构中变得最大。信息结构和交易者经验共同影响泡沫的规模和动态变化。
JEL-Codes
G14; D82; C92;
Keywords
信息结构;资产泡沫;实验经济学方法
TOP