Long-lived collateralized assets and bubbles

Aloisio Araujo, Mario Pascoa and Juan Pablo Torres-Martinez

Working Papers from University of Chile, Department of Economics

Abstract: When infinite-lived agents trade long-lived assets secured by durable goods, equilibrium exists without any additional debt constraints or uniform impatience conditions on agents' characteristics. Also, price bubbles are absent when physical endowments are uniformly bounded away from zero.

Keywords: Collateralized assets; Existence of equilibrium; Asset pricing bubbles. (search for similar items in EconPapers)
JEL-codes: D50 D52 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2010-07
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.econ.uchile.cl/uploads/publicacion/8b10 ... 82df19d77af146fc.pdf (application/pdf)

Related works:
Journal Article: Long-lived collateralized assets and bubbles (2011)
Working Paper: Long-lived Collateralized Assets and Bubbles (2008)
Working Paper: Long-lived collateralized assets and bubbles (2007)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:udc:wpaper:wp314

Access Statistics for this paper

More papers in Working Papers from University of Chile, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Mohit Karnani ().