This survey develops a dual analysis, consisting, first, in a bibliometric examination and,
second, in a close literature review of all the scientific production around cryptocurrencies …

Amid its rapidly increasing usage and immense public interest the subject of Bitcoin has
raised profound economic and societal issues. In this paper we undertake economic and …

This article reviews the theoretical literature on asset price bubbles, with an emphasis on the
martingale theory of bubbles. The key questions studied are as follows: First, under what …

In this article we are interested in option pricing in markets with bubbles. A bubble is defined
to be a price process which, when discounted, is a local martingale under the risk-neutral …

Over the last 10 years or so a mathematical theory of bubbles has emerged, in the spirit of a
martingale theory based on an absence of arbitrage, as opposed to an equilibrium theory …

The financial crisis of 2008, which started with an initially well-defined epicenter focused on
mortgage backed securities (MBS), has been cascading into a global economic recession …

We inspect the price volatility before, during, and after financial asset bubbles in order to
uncover possible commonalities and check empirically whether volatility might be used as …

Abstract The Johansen–Ledoit–Sornette (JLS) model of rational expectation bubbles with
finite-time singular crash hazard rates has been developed to describe the dynamics of …

Sažetak It is found that financial crises generally happen accompanied by the collapse of
financial bubbles. Therefore, many scholars have carried out researches on financial …

We analyze a controlled price formation experiment in the laboratory that shows evidence
for bubbles. We calibrate two models that demonstrate with high statistical significance that …