Intertemporal equilibrium with heterogeneous agents, endogenous dividends, and borrowing constraints

Stefano Bosi (), Cuong Le van and Ngoc-Sang Pham
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Stefano Bosi: EPEE, University of Evry

No 15-05, Documents de recherche from Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne

Abstract: We build dynamic general equilibrium models with heterogeneous produc- ers and financial market imperfections. First, we prove the existence of equi- librium. Second, we investigate the role of financial market imperfection in growth and land prices. Third, we introduce land dividends, then define and study land bubbles as well as individual land bubbles.

Keywords: Infinite horizon; general equilibrium; financial market imperfection; land bubbles (search for similar items in EconPapers)
JEL-codes: C62 D53 D9 E44 G10 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2015
New Economics Papers: this item is included in nep-dge and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Working Paper: Intertemporal equilibrium with heterogeneous agents, endogenous dividends and borrowing constraints (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:eve:wpaper:15-05

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