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dc.contributor.authorKedar-Levy, Haimen_US
dc.date.accessioned2012-03-15T14:12:30Z-
dc.date.available2012-03-15T14:12:30Z-
dc.date.issued2002en_US
dc.identifier.citationJournal of Entrepreneurial Finance, JEF 1551-9570 7 2002 2 11-32en_US
dc.identifier.urihttp://hdl.handle.net/10419/55995-
dc.description.abstractAsset pricing models with atomistic agents typically relax assumptions concerning rationality and/or homogenous information in order to track endogenous bubbles. In this model, identically informed rational agents hold a Perceived Law of Motion (PLM) for a single new technology asset at IPO, yet they differ with respect to risk aversion. By mapping risk preferences to strategies, we use marginal supply and demand functions to solve for the PLM if REE holds. By relaxing the assumption of complete knowledge of agent's tastes and wealth, post-IPO bubbles emerge where the Actual Law of Motion is an amplification (bubble) of the price processes vs. the PLM.en_US
dc.language.isoengen_US
dc.publisherMontrose, California Academy of Entrepreneurial Finance - AEFen_US
dc.subject.ddc330en_US
dc.titlePrice bubbles of new-technology IPOsen_US
dc.typeArticleen_US
dc.identifier.ppn662362187en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:The Journal of Entrepreneurial Finance (JEF)

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