Institutionalization in Efficient Markets: The Case of Price Bubbles

We seek to deepen understanding of the micro-foundations of institutionalization while contributing to a sociological theory of markets by investigating the puzzle of price bubbles in financial markets. We find that such markets, despite textbook conditions of high efficiency -- perfect information,...

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Main Authors:	LEVINE, Sheen S., Zajac, Edward J.
Format:	text
Language:	English
Published:	Institutional Knowledge at Singapore Management University 2008
Subjects:	Efficienct market theory; economic efficiency uncertainity Organizational Behavior and Theory
Online Access:	https://ink.library.smu.edu.sg/lkcsb_research/1059 https://doi.org/10.5465/AMBPP.2008.33649949
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Institution:	Singapore Management University
Language:	English

id	sg-smu-ink.lkcsb_research-2058
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spelling	sg-smu-ink.lkcsb_research-20582010-09-23T06:24:04Z Institutionalization in Efficient Markets: The Case of Price Bubbles LEVINE, Sheen S. Zajac, Edward J. We seek to deepen understanding of the micro-foundations of institutionalization while contributing to a sociological theory of markets by investigating the puzzle of price bubbles in financial markets. We find that such markets, despite textbook conditions of high efficiency -- perfect information, atomistic agents, no uncertainty -- quickly develop patterns consistent with institutionalization processes. 2008-01-01T08:00:00Z text https://ink.library.smu.edu.sg/lkcsb_research/1059 info:doi/10.5465/AMBPP.2008.33649949 https://doi.org/10.5465/AMBPP.2008.33649949 Research Collection Lee Kong Chian School Of Business eng Institutional Knowledge at Singapore Management University Efficienct market theory; economic efficiency uncertainity Organizational Behavior and Theory
institution	Singapore Management University
building	SMU Libraries
continent	Asia
country	Singapore Singapore
content_provider	SMU Libraries
collection	InK@SMU
language	English
topic	Efficienct market theory; economic efficiency uncertainity Organizational Behavior and Theory
spellingShingle	Efficienct market theory; economic efficiency uncertainity Organizational Behavior and Theory LEVINE, Sheen S. Zajac, Edward J. Institutionalization in Efficient Markets: The Case of Price Bubbles
description	We seek to deepen understanding of the micro-foundations of institutionalization while contributing to a sociological theory of markets by investigating the puzzle of price bubbles in financial markets. We find that such markets, despite textbook conditions of high efficiency -- perfect information, atomistic agents, no uncertainty -- quickly develop patterns consistent with institutionalization processes.
format	text
author	LEVINE, Sheen S. Zajac, Edward J.
author_facet	LEVINE, Sheen S. Zajac, Edward J.
author_sort	LEVINE, Sheen S.
title	Institutionalization in Efficient Markets: The Case of Price Bubbles
title_short	Institutionalization in Efficient Markets: The Case of Price Bubbles
title_full	Institutionalization in Efficient Markets: The Case of Price Bubbles
title_fullStr	Institutionalization in Efficient Markets: The Case of Price Bubbles
title_full_unstemmed	Institutionalization in Efficient Markets: The Case of Price Bubbles
title_sort	institutionalization in efficient markets: the case of price bubbles
publisher	Institutional Knowledge at Singapore Management University
publishDate	2008
url	https://ink.library.smu.edu.sg/lkcsb_research/1059 https://doi.org/10.5465/AMBPP.2008.33649949
_version_	1770569784302239744

Institutionalization in Efficient Markets: The Case of Price Bubbles

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