Asset bubbles and efficiency in a generalized two-sector model

Stefano Bosi, Cuong Le Van and Ngoc-Sang Pham

Mathematical Social Sciences, 2017, vol. 88, issue C, 37-48

Abstract: We consider a multi-sector infinite-horizon general equilibrium model. The issues of equilibrium existence, efficiency, and bubble emergence are addressed. We show how different assets give rise to different rational bubbles. We also point out that efficient bubbly equilibria may exist.

Date: 2017
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Citations: View citations in EconPapers (17)

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Related works:
Working Paper: Asset bubbles and efficiency in a generalized two-sector model (2017)
Working Paper: Asset bubbles and efficiency in a generalized two-sector model (2017)
Working Paper: Asset bubbles and efficiency in a generalized two-sector model (2017)
Working Paper: Asset bubbles and efficiency in a generalized two-sector model (2016)
Working Paper: Asset bubbles and efficiency in a generalized two-sector model (2016)
Working Paper: Asset bubbles and efficiency in a generalized two-sector model (2016)
Working Paper: Asset bubbles and efficiency in a generalized two-sector model (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:matsoc:v:88:y:2017:i:c:p:37-48

DOI: 10.1016/j.mathsocsci.2017.05.001

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