Financial bubbles and capital accumulation in altruistic economies.

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Authors
  • BOSI Stefano
  • HA HUY Thai
  • LE VAN Cuong
  • PHAM Cao tung
  • PHAM Ngoc sang
Publication date
2018
Publication type
Journal Article
Summary 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.
Publisher
Elsevier BV
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