文章基本信息

标题：Asset bubbles and efficiency in a generalized two-sector model
作者：Stefano Bosi ; Cuong Le Van ; Ngoc-Sang Pham 等
期刊名称：Documents de Travail du Centre d'Economie de la Sorbonne
印刷版ISSN：1955-611X
出版年度：2016
出版社：Centre d'Economie de la Sorbonne
摘要：We consider a multi-sector infinite-horizon general equilibrium model. Asset supply is endogenous. The issues of equilibrium existence, efficiency, and bubble emergence are addressed. We show how different assets give rise to very different rational bubbles. We also point out that efficient bubbly equilibria may exist.
关键词：infinite-horizon; general equilibrium; aggregate good bubble; capital good bubble; efficiency