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From Tulip to Gold: Rational Bubbles in Consumable Assets | Synapse
March 3, 2026
Open Access
From Tulip to Gold: Rational Bubbles in Consumable Assets
JH
Jungsuk Han
YW
Yenan Wang
Beijing City University
Key Points
Bubbles in consumable assets occur through rational speculation and market dynamics, reflecting economic theories.
Evidence from historical trends indicates that certain consumables can inflate prices irrationally—highlighting market behavior.
Analysis of market data demonstrates that bubbles can significantly affect value chains across consumable assets.
Understanding these bubbles may provide insights into avoiding economic pitfalls and enhancing investment strategies.
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Han et al. (Thu,) studied this question.
synapsesocial.com/papers/69a75ffec6e9836116a2c611
https://doi.org/https://doi.org/10.2139/ssrn.6163749