Aimone, Jason A.2023-11-072023-11-072023-05May 2023May 2023https://hdl.handle.net/2104/12504This paper looks at the effects of real-world recessions on price bubbles in asset market experiments with data from Palan (2013). In both non-parametric and random effects tests, recessions are found to increase the size and length of bubbles within these markets. This effect holds across the three recessions that occur in the period that the database covers.application/pdfEnglishThesisWorldwide access2023-11-07