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2015 | nr 3, t. 3 Rynek kapitałowy | 159--172
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Rational Speculative Bubbles in the Fine Wine Investment Market

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The paper focuses on detection of rational speculative bubbles in fine wine investment market. Our research was conducted using recursive tests. The chosen method additionally allowed us to set time frames for potential bubbles. The results have shown that speculative bubble episodes appeared between 2006-2007 both in fine wine market and in most of selected traditional stock exchanges. However, only the fine wine market recorded the second wave of speculative bubbles between 2010-2011. (original abstract)
  • Uniwersytet Ekonomiczny w Krakowie
  • Uniwersytet Ekonomiczny w Krakowie
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