Asset bubbles and efficiency in a generalized ...
Document type :
Partie d'ouvrage
Title :
Asset bubbles and efficiency in a generalized two-sector model
Author(s) :
Bosi, Stefano [Auteur]
Centre d'Etudes des Politiques Economiques [EPEE]
Le Van, Cuong [Auteur]
IPAG Business School
Centre d'économie de la Sorbonne [CES]
Paris School of Economics [PSE]
Pham, Ngoc-Sang [Auteur correspondant]
Lille économie management - UMR 9221 [LEM]
Centre d'Etudes des Politiques Economiques [EPEE]
Centre d'Etudes des Politiques Economiques [EPEE]
Le Van, Cuong [Auteur]
IPAG Business School
Centre d'économie de la Sorbonne [CES]
Paris School of Economics [PSE]
Pham, Ngoc-Sang [Auteur correspondant]
Lille économie management - UMR 9221 [LEM]
Centre d'Etudes des Politiques Economiques [EPEE]
Publication date :
2016-03
English keyword(s) :
infinite-horizon
general equilibrium
aggregate good bubble
capital good bubble
efficiency
general equilibrium
aggregate good bubble
capital good bubble
efficiency
HAL domain(s) :
Sciences de l'Homme et Société/Economies et finances
English abstract : [en]
We consider a multi-sector infinite-horizon general equilibrium model. Asset supply is endogenous. The issues of equilibrium existence, efficiency, and bubble emergence are addressed. We show how different assets give rise ...
Show more >We consider a multi-sector infinite-horizon general equilibrium model. Asset supply is endogenous. The issues of equilibrium existence, efficiency, and bubble emergence are addressed. We show how different assets give rise to very different rational bubbles. We also point out that efficient bubbly equilibria may exist.Show less >
Show more >We consider a multi-sector infinite-horizon general equilibrium model. Asset supply is endogenous. The issues of equilibrium existence, efficiency, and bubble emergence are addressed. We show how different assets give rise to very different rational bubbles. We also point out that efficient bubbly equilibria may exist.Show less >
Language :
Anglais
Popular science :
Non
Comment :
URL des Documents de travail : http://ces.univ-paris1.fr/cesdp/cesdp2016.html
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