Ascendant altruism and asset price bubbles

Stefano Bosi, Thai Ha-Huy, Cao-Tung Pham and Ngoc-Sang Pham

MPRA Paper from University Library of Munich, Germany

Abstract: We consider an overlapping generations economy with altruism towards parents and a long-lived asset that delivers no dividends (pure bubble asset). We explore the role of ascendant altruism on the dynamics properties of equilibrium and rational bubbles in the cases of exogenous and endogenous growths.

Keywords: Overlapping generations; ascendant altruism; capital accumulation; growth; rational bubbles (search for similar items in EconPapers)
JEL-codes: D64 E44 G10 (search for similar items in EconPapers)
Date: 2021-11-01
New Economics Papers: this item is included in nep-dge, nep-fdg and nep-mac
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Related works:
Journal Article: Ascendant altruism and asset price bubbles (2022)
Working Paper: Ascendant altruism and asset price bubbles (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:110522

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