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Typology of Bubbles

In: Toward a Metatheory of Economic Bubbles: Socio-Political and Cultural Perspectives

Author

Listed:
  • Nikhilesh Dholakia

    (University of Rhode Island)

  • Romeo V. Turcan

    (Aalborg University)

Abstract

In this chapter we propose a simple yet robust typology of bubbles. Six bubble types are identified and profiled in terms of asset-linked dimensions, and the context-spanning meta-dimensions. These types are transient or playful bubble, inflating bubble, deflating bubble, contagious bubble, irrational bubble, and punctured bubble. While small, playful bubbles are not particularly harmful to overall society or economy where they occur, the large technology and financial bubbles have not only devastating economic impacts but also corrosive social impacts as people lose not only their savings or abodes but also faith in the institutions, private and public, that they have come to trust as protectors of their interests. To illustrate and discuss properties and indicators of these types of bubbles, we developed vignettes that present short overviews of movie, social media, gold, dotcom, and housing bubbles.

Suggested Citation

  • Nikhilesh Dholakia & Romeo V. Turcan, 2014. "Typology of Bubbles," Palgrave Macmillan Books, in: Toward a Metatheory of Economic Bubbles: Socio-Political and Cultural Perspectives, chapter 5, pages 43-59, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-36179-0_5
    DOI: 10.1057/9781137361790_5
    as

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