Financial bubbles and capital accumulation in altruistic economies
Stefano Bosi
(1)
,
Thai Ha-Huy
(1)
,
Cuong Le Van
(2, 3, 4)
,
Cao-Tung Pham
(1)
,
Ngoc-Sang Pham
(5)
Thai Ha-Huy
- Fonction : Auteur
- PersonId : 1222333
- IdHAL : thai-ha-huy
- ORCID : 0000-0001-9384-834X
Cuong Le Van
- Fonction : Auteur
- PersonId : 835139
- ORCID : 0000-0002-2710-522X
- IdRef : 050221027
Ngoc-Sang Pham
- Fonction : Auteur
- PersonId : 736862
- IdHAL : ngoc-sang-pham
- ORCID : 0000-0001-9037-3019
Résumé
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.
Domaines
Economies et financesFormat du dépôt | Fichier |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
Financial bubbles and capital accumulation in altruistic economies
|
Résumé |
en
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.
|
Auteur(s) |
Stefano Bosi
1
, Thai Ha-Huy
1
, Cuong Le Van
2, 3, 4
, Cao-Tung Pham
1
, Ngoc-Sang Pham
5
1
EPEE -
Centre d'Etudes des Politiques Economiques
( 19169 )
- 4, boulevard François Mitterrand, 91025 EVRY CEDEX
- France
2
CES -
Centre d'économie de la Sorbonne
( 15080 )
- Maison des Sciences Économiques - 106-112 Boulevard de l'Hôpital - 75647 Paris Cedex 13
- France
3
PSE -
Paris School of Economics
( 301309 )
- 48 boulevard Jourdan 75014 Paris
- France
4
IPAG Business School
( 542840 )
- 184 boulevard Saint-Germain, 75006 Paris
- France
5
Groupe Sup de Co Montpellier (GSCM) - Montpellier Business School
( 301604 )
-
- France
|
Nom de la revue |
|
Vulgarisation |
Non
|
Comité de lecture |
Oui
|
Date de publication |
2018-03
|
Langue du document |
Anglais
|
Audience |
Internationale
|
Volume |
75
|
Page/Identifiant |
125-139
|
Projet(s) ANR |
|
Financement |
|
Domaine(s) |
|
Mots-clés |
en
Forward altruism, Overlapping generations, Capital accumulation, Financial asset, Positive dividends, Rational bubbles
|
DOI | 10.1016/j.jmateco.2018.01.003 |
Origine :
Fichiers produits par l'(les) auteur(s)
Loading...