Simple Finite Horizon Bubbles Robust to Higher Order Knowledge
构建了一个有限期界的“n阶”理性资产价格泡沫的不对称信息模型，其中所有代理人都知道资产在n期后毫无价值。模型仅含两个代理人，其一阶版本比文献中其他一阶泡沫更简单。
An asymmetric information model of a finite horizon "nth order" rational asset price bubble is presented, where (all agents know that)-super-n the asset is worthless. Also, the model has only two agents, so the first order version of the bubble is simpler than other first order bubbles in the literature. Copyright The Econometric Society 2004.