PL EN


2013 | 3/1 | 339-356
Article title

Modele idealizacyjne baniek cenowych

Authors
Content
Title variants
EN
Models idealization price bubbles
Languages of publication
PL EN
Abstracts
EN
In the hereby article the author has presented the discourse about the mechanism of price bubbles. It has been assumed, that the recognition and explanation of price bubbles morphology must rely on the deciphering the synergistic effects of individuals behavior. The sources of price bubbles have been reduced to four main groups of factors originating in the human choice limitations, e.g.: material and economic constraints as well as institutional and psychological limitations. It has also been recognized, that the descriptive model of price bubbles explanation is no longer useful in the essential sense, while it does not show the core of the problem. That brings back the necessity of understanding their divers ity where pointing out the factors of constitutive and regulative nature, as well as defining the interaction (feedback) specifi city. It has also been assumed, that understanding of the nomological differences within the price bubbles theme requires the repeal of the orthodox economics theory basic assumptions. It has been assumed, that although the price bubbles phenomenon has been characteristic for many markets, its morphology differs. One can easily observe the differences between price bubbles morphology of hi-tech stock (or the stock market in the wider sense), price bubbles morphology of the land market (rigid supply resources) and fi nally the price bubble on the real estate market.
Year
Issue
3/1
Pages
339-356
Physical description
Contributors
author
References
  • Bunge M., O przyczynowości. Miejsce zasady przyczynowej we współczesnej nauce, PWN, Warszawa 1968 De Bondt W., Bubbles psychology, w: Asset price bubbles. The implication for monetary, regulatory and international policies, red. W.C. Hunter, G.G. Kaufman, M. Pomerleano, MIT Press, London 2005 Hagstorm R.G., Na sposób Warrena Buffeta – Strategie największego w świecie inwestora kapitałowego, Wydawnictwo Naukowo-Techniczne, Warszawa 1994 Hagstrom R.G., Portfel Warrena Buffetta. Potęga strategii inwestowania skoncentrowanego, Wydawnictwo Naukowo-Techniczne, Warszawa 2001 Herring R., Wachter S., Bubbles in real estate markets, w: Asset price bubbles. The implication for monetary, regulatory and international policies, red. W.C. Hunter, G.G. Kaufman, M. Pomerleano, MIT Press, London 2005 LeRoy S.F., Gilles Ch., Asset price bubbles, w: The new palgrave dictionary of money and fi nance, The Macmillan Press Ltd, London 1992 Nikitin E., Wyjaśnianie jako funkcja nauki, PWN, Warszawa 1975 Nowak L., Wstęp do idealizacyjnej teorii nauki, PWN Warszawa 1977
Document Type
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.desklight-dc269858-bc22-4268-a9d6-6f030080a32c
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