Tournament incentives and asset price bubbles: Evidence from a field experiment

Michael Berlemann () and Henning Vöpel

Economics Letters, 2012, vol. 115, issue 2, 232-235

Abstract: In this note we show at the example of an experimental stock market, conducted on the occasion of the World Soccer Championship 2010 in South Africa, how tournament incentives might contribute to the formation of asset price bubbles.

Keywords: Experimental stock markets; Speculative bubble; Communication; Tournament incentives (search for similar items in EconPapers)
JEL-codes: D84 G14 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:115:y:2012:i:2:p:232-235

DOI: 10.1016/j.econlet.2011.12.043

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