Rational Speculative Bubbles in the Fine Wine Investment Market

• Authors: Marcin Czupryna , Paweł Oleksy
• Languages of publication: PL

Abstracts

PL

The paper focuses on detection of rational speculative bubbles in fine wineinvestment market. Our research was conducted using recursive tests. The chosenmethod additionally allowed us to set time frames for potential bubbles. Theresults have shown that speculative bubble episodes appeared between 2006–2007both in fine wine market and in most of selected traditional stock exchanges.However, only the fine wine market recorded the second wave of speculativebubbles between 2010–2011.

Keywords

PL

rational speculative bubbles, fine wine, wine investment, wine exchange

• Publisher: Szkoła Główna Handlowa w Warszawie
• Journal: Kwartalnik Kolegium Ekonomiczno-Społecznego Studia i Prace
• Year: 2015
• Volume: 3
• Issue: 3
• Pages: 159-172

Dates

published

2015-12-13

Contributors

author

Marcin Czupryna

author

Paweł Oleksy

Identifiers

DOI

10.33119/KKESSiP.2015.3.3.12