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 - Université d'Evry

Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne

Abstract: We build dynamic general equilibrium models with heterogeneous producers and financial market imperfections. First, we prove the existence of equilibrium. 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)
Date: 2015-09
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:mse:cesdoc:15067

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