References of "Renneboog, Luc"
     in
Bookmark and Share    
Full Text
Peer Reviewed
See detailSpeculative Trading and Bubbles: Evidence from the Art Market
Penasse, Julien UL; Renneboog, Luc

in MANAGEMENT SCIENCE (2022), 68(7), 4755-5555

We argue that extrapolative expectations drive boom–bust cycles in the postwarart market. Price run-ups coincide with increases in demand fundamentals but are fol-lowed by predictable busts. Predictable ... [more ▼]

We argue that extrapolative expectations drive boom–bust cycles in the postwarart market. Price run-ups coincide with increases in demand fundamentals but are fol-lowed by predictable busts. Predictable changes account for about half of the variance offive-year price changes. High prices coincide with many attributes of speculative bubbles:trading volume, the share of short-term trades, the share of postwar art, and volatility areall higher during booms. In addition, short-term transactions underperform long-termtransactions. Survey evidence further confirms the link between beliefs, prices, and volumedynamics as in models in which extrapolative beliefs fuel speculative bubbles. [less ▲]

Detailed reference viewed: 43 (3 UL)
Full Text
Peer Reviewed
See detailSpeculative Trading and Bubbles: Evidence from the Art Market
Penasse, Julien UL; Renneboog, Luc

in Management Science (2021)

Detailed reference viewed: 40 (8 UL)
Full Text
Peer Reviewed
See detailWhen a Master Dies: Speculation and Asset Float
Penasse, Julien UL; Renneboog, Luc; Scheinkman, José

in Review of Financial Studies (2021), 34(8), 38403879

Detailed reference viewed: 65 (3 UL)
Full Text
Peer Reviewed
See detailWhen a Master Dies: Speculation and Asset Float”
Penasse, Julien UL; Renneboog,, Luc; Scheinkman, José A.

Scientific Conference (2020, January 30)

Detailed reference viewed: 111 (7 UL)
Full Text
Peer Reviewed
See detailBubbles and Trading Frenzies: Evidence from the Art Market
Penasse, Julien UL; Renneboog, Luc

E-print/Working paper (2015)

Detailed reference viewed: 42 (0 UL)