Assets with possibly negative dividends

Ngoc-Sang Pham

MPRA Paper from University Library of Munich, Germany

Abstract: The paper introduces assets whose dividends can take any value (positive, negative or zero) in a dynamic general equilibrium model with financial market imperfections. We investigate the interplay between the asset markets and the production sector. The behavior of asset price and value is also studied.

Keywords: Infinite-horizon; general equilibrium; productivity; asset price; negative dividend (search for similar items in EconPapers)
JEL-codes: D5 D90 E44 G12 (search for similar items in EconPapers)
Date: 2017-04-07
New Economics Papers: this item is included in nep-dge and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:78193

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