Tech "Bubbles"
Research on the Tech Bubbles
Technological Revolutions and Stock Prices (with Lubos Pastor), 2009, American Economic Review, 99, 1451 – 1483. Technical Appendix.
- Winner of the Barclays Global Investors Prize for the Best Paper at the European Finance Association Conference.
Was There a NASDAQ Bubble in the Late 1990s? (with Lubos Pastor), 2006, Journal of Financial Economics 81, 61 – 100; Technical Appendix.
- Winner of the Fama/DFA Prize for the best paper in the Journal of Financial Economics in the Areas of Capital Markets and Asset Pricing (second prize).
Some Facts About the Tech “Bubble” in the Late 1990s (modified slides from NBER discussion), March 2006.
Related topics
Uncertainty, learning and stock valuation:
Stock Valuation and Learning about Profitability, (with Lubos Pastor), Journal of Finance, 58, 5, October 2003. (Lead Article).
- Winner of the Smith Breeden First Prize for the Best Paper in asset pricing on the Journal of Finance in 2003.
How Does Information Quality Affect Stock Returns? Journal of Finance, 55, 2, April 2000.
- Nominated for 2000 Smith Breeden Prize for best paper on the Journal of Finance.
Uncertainty and IPO waves:
Rational IPO Waves, (with Lubos Pastor), Journal of Finance, 60, August 2005, 1713 – 1757.
Stock Market Crashes:
Rational Panics and Stock Market Crashes (with Gadi Barlevy), Journal of Economic Theory, 110, 2, June 2003, Pages 234 – 263.