Tulipmania

Bibliographic Data

ID10180425
AuthorsPeter M Garber (corresponding author)
Year1989
Volume97
Issue3
Pages535-560
Publication date1989-06-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueJournal of Political Economy (JOURNAL)
Journal identifiersISSN: 0022-3808 • E-ISSN: 1537-534X
PublisherUniversity of Chicago Press (PUBLISHER • US)
DOI10.1086/261615
OpenAlexW4256015766
LanguageEN
Citations received20

Though it is always mentioned first among the list of obvious manias, no serious effect has ever been expended to investigate the market fundamentals that might have driven the tulip speculation. The paper compiles time series on individual tulip prices and examines market fundamentals potentially driving prices. Most of the "tulipmania" was not obvious madness. High, but rapidly depreciating, prices for rare bulbs is a typical pattern in the flower-bulb industry. Only the last month of the speculation, during which common-bulb prices increased rapidly and crashed, remains as a potential bubble. Copyright 1989 by University of Chicago Press

Biology · Botany · Bulb · Economics · Monetary economics · Speculation · Finance · Wine Industry and Tourism

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