Bubble Emergence: Toward a Model

Nikhilesh Dholakia and Romeo V. Turcan
Additional contact information
Romeo V. Turcan: Aalborg University

Chapter 6 in Toward a Metatheory of Economic Bubbles: Socio-Political and Cultural Perspectives, 2014, pp 60-72 from Palgrave Macmillan

Abstract: Abstract In this chapter, we pull together various building blocks of Chapters 2–5 and present an overall model of bubble formation, with special focus on the contagious, irrational, and punctured bubbles of the type that have taken massive economic and social tolls in the twentieth century and that continue to threaten the economic and social well-being of people the world over in the twenty-first century. To illustrate our model of bubble formation, for example how theories behind sentiments were changed in order to justify sticky sentiments, we draw on examples from the dotcom bubble in the United Kingdom and from Nordic Europe—Iceland. To provide a stronger visualization of the model of bubble emergence, we invoke the concept of value-pricing thermometer and introduce our adapted version of the bubble thermometer. To exemplify the bubble thermometer, we explore social processes that attempt to build up movie hype, and their aftermath, and relate such exploration to our emerging interdisciplinary theory of bubbles.

Keywords: bubble thermometer; contagious bubbles; dotcom bubble; hype; Iceland; irrational bubbles; movie hype; playful bubbles; punctured bubbles; typology of asset bubbles (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-36179-0_6

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137361790

DOI: 10.1057/9781137361790_6

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().