Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/55995 
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dc.contributor.authorKedar-Levy, Haimen
dc.date.accessioned2012-03-15T14:12:30Z-
dc.date.available2012-03-15T14:12:30Z-
dc.date.issued2002-
dc.identifier.citation|aJournal of Entrepreneurial Finance, JEF|c1551-9570|v7|h2|nThe Academy of Entrepreneurial Finance (AEF)|lMontrose, CA|y2002|p11-32en
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
dc.language.isoengen
dc.publisher|aThe Academy of Entrepreneurial Finance (AEF) |cMontrose, CAen
dc.subject.ddc650en
dc.titlePrice bubbles of new-technology IPOs-
dc.typeArticleen
dc.identifier.ppn662362187en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
econstor.citation.journaltitleJournal of Entrepreneurial Finance, JEFen
econstor.citation.issn1551-9570en
econstor.citation.volume7en
econstor.citation.issue2en
econstor.citation.publisherThe Academy of Entrepreneurial Finance (AEF)en
econstor.citation.publisherplaceMontrose, CAen
econstor.citation.year2002en
econstor.citation.startpage11en
econstor.citation.endpage32en

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