Financial bubbles and capital accumulation in altruistic economies

Stefano Bosi, Thai Ha-Huy, Cuong Le Van, Cao-Tung Pham and Ngoc-Sang Pham

MPRA Paper from University Library of Munich, Germany

Abstract: We consider an overlapping generations model à la Diamond (1965) with two additional ingredients: altruism and an asset (or land) bringing non-stationary positive dividends (or fruits). We study the global dynamics of capital stocks and asset values as well as the interplay between them. Asset price bubbles are also investigated.

Keywords: Forward altruism; overlapping generations; capital accumulation; financial asset; positive dividends; rational bubbles (search for similar items in EconPapers)
JEL-codes: C62 D50 D53 D64 E21 E44 G12 (search for similar items in EconPapers)
Date: 2018-02-07
New Economics Papers: this item is included in nep-cfn, nep-dge and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (21)

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Related works:
Journal Article: Financial bubbles and capital accumulation in altruistic economies (2018)
Working Paper: Financial bubbles and capital accumulation in altruistic economies (2018)
Working Paper: Financial bubbles and capital accumulation in altruistic economies (2018)
Working Paper: Financial bubbles and capital accumulation in altruistic economies (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:84429

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