Ascendant altruism and asset price bubbles

Stefano Bosi, Thai Ha‐Huy, Cao‐Tung Pham and Ngoc‐Sang Pham
Authors registered in the RePEc Author Service: Thai Ha-Huy and Ngoc-Sang Pham

International Journal of Economic Theory, 2022, vol. 18, issue 4, 532-551

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

Date: 2022
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https://doi.org/10.1111/ijet.12330

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Working Paper: Ascendant altruism and asset price bubbles (2021)
Working Paper: Ascendant altruism and asset price bubbles (2021)
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