Asset bubbles and efficiency in a generalized two-sector model

Stefano Bosi (), Cuong Le van and Ngoc-Sang Pham
Additional contact information
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 consider a multi-sector infinite-horizon general equilibrium model. Asset supply is endogenous. The issues of equilibrium exisence, efficiency, and bubble emergence are addressed. We show how different assets give rise to very different rational bubbles. We also point out that efficient bubbly equilibria may exist

Keywords: infinite horizon; general equilibrium; aggregate good bubble; capital good bubble; efficiency (search for similar items in EconPapers)
JEL-codes: D31 D91 E22 G10 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2016-03
New Economics Papers: this item is included in nep-dge, nep-mac and nep-ore
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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ftp://mse.univ-paris1.fr/pub/mse/CES2016/16029.pdf (application/pdf)

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 (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)
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Persistent link: https://EconPapers.repec.org/RePEc:mse:cesdoc:16029

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