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Intertemporal equilibrium with production: bubbles and efficiency

Stefano Bosi, Cuong Le van and Ngoc-Sang Pham

No 2014-306, Working Papers from Department of Research, Ipag Business School

Abstract: We consider a general equilibrium model with heterogeneous agents, borrowing constraints, and exogenous labor supply. First, the existence of intertemporal equi- librium is proved even if the aggregate capitals are not uniformly bounded above and th

Keywords: Intertemporal equilibrium; physical capital bubble; efficiency; infinite hori- zon. (search for similar items in EconPapers)
JEL-codes: C62 D31 D91 G10 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2014-01-01
New Economics Papers: this item is included in nep-dge
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Citations: View citations in EconPapers (33)

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Working Paper: Intertemporal equilibrium with production: bubbles and efficiency (2014) Downloads
Working Paper: Intertemporal equilibrium with production: bubbles and efficiency (2014) Downloads
Working Paper: Intertemporal equilibrium with production: bubbles and efficiency (2014) Downloads
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