Some Empirical Testing

Duane Rockerbie and Stephen Easton

Chapter Chapter 6 in The Run to the Pennant, 2014, pp 53-65 from Springer

Abstract: Abstract Testing for the presence of unsustainable runs is difficult because the model of Chaps. 4 and 5 does not explicitly detail the process by which a club owner moves from one equilibrium to another, if more than one equilibrium exists. This is an unfortunate shortcoming of models that generate multiple equilibria

Keywords: Asset Price; Total Revenue; Multiple Equilibrium; Revenue Function; Speculative Bubble (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:semchp:978-1-4614-7885-0_6

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DOI: 10.1007/978-1-4614-7885-0_6

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