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Modele idealizacyjne baniek cenowych

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Tyc W.

Przegląd Zachodniopomorski

2013

issue 3/1

339-356

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.

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1 Przegląd Zachodniopomorski

1 2013

1 Tyc W.

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Modele idealizacyjne baniek cenowych