Differences of opinion, rational arbitrage and market crashes
By: Harrison Hong, Jeremy C. Stein.
Contributors: Stein, Jeremy C.; National Bureau of Economic Research.
Series: NBER working paper series -- no. 7376; Working paper series (National Bureau of Economic Research) -- working paper no. 7376.
Publisher: National Bureau of Economic Research
Published: 1999
Place of publication: Cambridge, MA
Language: eng
Number of pages: 44
Subjects: Stock exchanges and current events.; Financial crises.; Contagion (Social psychology) -- Economic aspects.; Stocks -- Prices.; Information measurement -- Economic aspects.; Arbitrage.
Notes: "October 1999."

JEL no. G12, G14.

Includes bibliographical references (p. 38-42)

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