Evolution. Ice ages may explain ancient bison's boom-bust history.

Boom, Bust and Up Again? Evolution, Drivers and Impact of Commodity Prices: Implications for Indonesia

The Value of Residential Land and Structures during the Great Housing Boom and Bust*

This study examines how the value of residential land and structures evolved during the great housing boom and bust using data on more than a million residential properties that were sold in ten metropolitan areas between 1998 and 2009. We use a hedonic estimator to disentangle the market value of land and structures at a local (census tract) level. Our estimates reveal substantial heterogeneit...

Boom-Bust Cycles: Leveraging, Complex Securities, and Asset Prices

Recent history suggests that many boom-bust cycles are naturally driven by linkages between the credit market and asset prices. Additionally, new structured securities have been developed, e.g., MBS, CDOs, and CDS, which have acted as instruments of risk transfer. We show that there is a certain non-robustness in the pricing of these instruments and we create a model in which their role in the ...

Boom and Bust Behavior: On the Persistence of Strategic Decision Biases

INTRODUCTION Boom and bust or overshoot and collapse dynamics are common among firms in a large range of different industries. bicycles, semiconductors and running shoes, are examples of industries where boom and bust (Meadows, 1970) as well as industries with pronounced product and/or category lifecycles (Klepper, 1996). 2 The common managerial behavior underpinning boom and bust dynamics (B&B...

Explaining the Last Consumption Boom-Bust Cycle in Ireland The Role of News and Noise Shocks

The objective of the paper is to explain the last boom and bust in consumption in Ireland by the failure of consumers to correctly distinguish permanent changes in productivity from temporary changes. It uses a business cycle model, where agents update their beliefs about long-run productivity using information -that they receive continuouslyabout the future state of the economy. The analysis f...