Asset bubbles and efficiency in a generalized two-sector model

Stefano Bosi (), Cuong Le Van () and Ngoc-Sang Pham
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Stefano Bosi: EPEE - Centre d'Etudes des Politiques Economiques - UEVE - Université d'Évry-Val-d'Essonne
Cuong Le Van: IPAG Business School, CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique, PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

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: 2017-07
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Citations: View citations in EconPapers (15)

Published in Mathematical Social Sciences, 2017, 88, pp.37-48. ⟨10.1016/j.mathsocsci.2017.05.001⟩

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Related works:
Journal Article: 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:hal:cesptp:hal-03260731

DOI: 10.1016/j.mathsocsci.2017.05.001

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