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Autre publication scientifique Année : 2016

Rational land and housing bubbles in infinite-horizon economies

Résumé

This paper considers rational land and housing bubbles in an infinite-horizon general equilibrium model. Their demands rest on two different grounds: the land is an input to produce while the house may be consumed. Our work differs from the existing literature in two respects. First, dividends on both these long-lived assets are endogenous and their sequences are computed. Second, we introduce and study different concepts of bubbles, including individual and strong bubbles.
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Dates et versions

halshs-01314609, version 1 (11-05-2016)

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  • HAL Id : halshs-01314609 , version 1

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Stefano Bosi, Cuong Le Van, Ngoc-Sang Pham. Rational land and housing bubbles in infinite-horizon economies. 2016. ⟨halshs-01314609⟩
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Dernière date de mise à jour le 28/04/2024
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