Ascendant altruism and asset price bubbles

Stefano Bosi (), Thai Ha-Huy, 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 - Université Paris-Saclay
Authors registered in the RePEc Author Service: Ngoc-Sang Pham

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

Keywords: Overlapping generations; Ascendant altruism; Capital accumulation; Growth; Rational bubbles (search for similar items in EconPapers)
Date: 2021-10-30
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-03409931v1
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Journal Article: Ascendant altruism and asset price bubbles (2022)
Working Paper: Ascendant altruism and asset price bubbles (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:halshs-03409931

DOI: 10.1111/ijet.12330

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