Financial bubbles and capital accumulation in altruistic economies

被引：6

作者：

Bosi, Stefano ^{[1
]}

Ha-Huy, Thai ^{[1
]}

Le Van, Cuong ^{[2
]}

Pham, Cao-Tung ^{[1
]}

Pham, Ngoc-Sang ^{[3
]}

机构：

[1] Univ Paris Saclay, Univ Evry, EPEE, Ile De France, France

[2] IPAG Business Sch, CNRS, TIMAS, PSE,APD, Paris, France

[3] Montpellier Business Sch Montpellier Res Manageme, Montpellier, France

来源：

JOURNAL OF MATHEMATICAL ECONOMICS | 2018年 / 75卷

关键词：

Forward altruism; Overlapping generations; Capital accumulation; Financial asset; Positive dividends; Rational bubbles; ASSET BUBBLES; OVERLAPPING-GENERATIONS; RECURSIVE EQUILIBRIUM; ENDOGENOUS GROWTH; MODEL; DEBT;

D O I：

10.1016/j.jmateco.2018.01.003

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We consider an overlapping generations model a 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. (C) 2018 Elsevier B.V. All rights reserved.

引用

页码：125 / 139

页数：15

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