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Article Dans Une Revue Mathematical Social Sciences Année : 2017

Asset bubbles and efficiency in a generalized two-sector model

Résumé

We consider a multi-sector infinite-horizon general equilibrium model. The issues of equilibrium existence, efficiency, and bubble emergence are addressed. We show how different assets give rise to different rational bubbles. We also point out that efficient bubbly equilibria may exist.

Dates et versions

hal-03260731 , version 1 (15-06-2021)

Identifiants

Citer

Stefano Bosi, Cuong Le Van, Ngoc-Sang Pham. Asset bubbles and efficiency in a generalized two-sector model. Mathematical Social Sciences, 2017, 88, pp.37-48. ⟨10.1016/j.mathsocsci.2017.05.001⟩. ⟨hal-03260731⟩
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