Financial bubbles and capital accumulation in altruistic economies

Stefano Bosi (), Thai Ha-Huy, Cuong Le Van (), Cao-Tung Pham 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: 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, IPAG Business School
Cao-Tung Pham: EPEE - Centre d'Etudes des Politiques Economiques - UEVE - Université d'Évry-Val-d'Essonne

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Abstract: We consider an overlapping generations model a la Diamond (1965) with two additional ingredients: altruism and an asset (or land) bringing non-stationary positive dividends (or fruits). We study the global dynamics of capital stocks and asset values as well as the interplay between them. Asset price bubbles are also investigated. (C) 2018 Elsevier B.V. All rights reserved.

Keywords: Forward altruism; Overlapping generations; Capital accumulation; Financial asset; Positive dividends; Rational bubbles (search for similar items in EconPapers)
Date: 2018-03
Note: View the original document on HAL open archive server: https://hal.science/hal-02878049v1
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Citations: View citations in EconPapers (11)

Published in Journal of Mathematical Economics, 2018, 75, pp.125-139. ⟨10.1016/j.jmateco.2018.01.003⟩

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Related works:
Journal Article: Financial bubbles and capital accumulation in altruistic economies (2018)
Working Paper: Financial bubbles and capital accumulation in altruistic economies (2018)
Working Paper: Financial bubbles and capital accumulation in altruistic economies (2018)
Working Paper: Financial bubbles and capital accumulation in altruistic economies (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02878049

DOI: 10.1016/j.jmateco.2018.01.003

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