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Les crashs sont rationnels
As we show by using notions of equilibrium in infinite sequential games, crashes or financial escalations are rational for economic or environmental agents, who have a... -
A simple case of rationality of escalation
International audience -
Changes in the chinese property market : an indicator of the difficulties fac...
For the past decade, China has faced an extremely sharp rise in property prices and increasingly large investments made in this sector. Although some economists... -
A stochastic model for speculative bubbles
International audience
