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Full-Text Articles in Social and Behavioral Sciences
Government Induced Bubbles, Danilo Lopomo Beteto Wegner
Government Induced Bubbles, Danilo Lopomo Beteto Wegner
Danilo Lopomo Beteto Wegner
A model to study how the possibility of government intervention during market crashes impacts the investment decision of agents is developed. With crashes representing bubble burst episodes and a government policy rule based on their magnitude, it is shown that the possibility of intervention creates incentives for investors to inflate bubbles, as large bubbles (i) maximize capital gains if they do not burst and (ii) make intervention more likely, thus minimizing losses. Bubbles should be larger the less fragile the economy, the less costly the intervention and the more liquid the asset. Intervention increases welfare in extremely fragile economies.
Investor Valuations Of Japan's Adoption Of A Territorial Tax Regime: Quantifying The Direct And Competitive Effects Of International Tax Reform, Sebastien J. Bradley, Estelle Dauchy, Makoto Hasegawa
Investor Valuations Of Japan's Adoption Of A Territorial Tax Regime: Quantifying The Direct And Competitive Effects Of International Tax Reform, Sebastien J. Bradley, Estelle Dauchy, Makoto Hasegawa
Sebastien J Bradley
Liquidity Policies And Financial Fragility, Danilo Lopomo Beteto Wegner
Liquidity Policies And Financial Fragility, Danilo Lopomo Beteto Wegner
Danilo Lopomo Beteto Wegner
Cross-Country Heterogeneity In Students’ Reporting Behavior: The Use Of The Anchoring Vignette Method, Hana Vonkova, Gema Zamarro, Collin Hitt
Cross-Country Heterogeneity In Students’ Reporting Behavior: The Use Of The Anchoring Vignette Method, Hana Vonkova, Gema Zamarro, Collin Hitt
Gema Zamarro