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Rational land and housing bubbles in ...
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Document type :
Compte-rendu et recension critique d'ouvrage
Title :
Rational land and housing bubbles in infinite-horizon economies
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]
Pham, Ngoc-Sang [Auteur correspondant]
Lille économie management - UMR 9221 [LEM]
Centre d'Etudes des Politiques Economiques [EPEE]
Publication date :
2016-02
English keyword(s) :
infinite horizon
general equilibrium
land bubble
housing bubble
HAL domain(s) :
Sciences de l'Homme et Société/Economies et finances
English abstract : [en]
This paper considers rational land and housing bubbles in an infinite-horizon general equilibrium model. Their demands rest on two different grounds: the land is an input to produce while the house may be consumed. Our ...
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This paper considers rational land and housing bubbles in an infinite-horizon general equilibrium model. Their demands rest on two different grounds: the land is an input to produce while the house may be consumed. Our work differs from the existing literature in two respects. First, dividends on both these long-lived assets are endogenous and their sequences are computed. Second, we introduce and study different concepts of bubbles, including individual and strong bubbles.Show less >
Language :
Anglais
Popular science :
Non
Comment :
URL des Documents de travail : http://ces.univ-paris1.fr/cesdp/cesdp2016.html
Collections :
  • Lille Économie Management (LEM) - UMR 9221
Source :
Harvested from HAL
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