Intrinsic Bubbles: The Case of Stock Prices


Froot, Kenneth A., and M. Obstfeld. “Intrinsic Bubbles: The Case of Stock Prices.” American Economic Review 81, no. 5 (1991): 1189–1214.

Date Published:

Dec 1991


Revised from NBER Working Paper No. 3091, March 1992. Reprinted in Speculation and Financial Markets, edited by M. Taylor and L. Gallagher. Cheltenham, U.K.: Edward Elgar Publishing, 2001.

Last updated on 06/09/2020