| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5102127 | Mathematical Social Sciences | 2017 | 12 Pages |
Abstract
We consider a multi-sector infinite-horizon general equilibrium model. The issues of equilibrium existence, efficiency, and bubble emergence are addressed. We show how different assets give rise to different rational bubbles. We also point out that efficient bubbly equilibria may exist.
Related Topics
Physical Sciences and Engineering
Mathematics
Applied Mathematics
Authors
Stefano Bosi, Cuong Le Van, Ngoc-Sang Pham,