Logo
Munich Personal RePEc Archive

Ascendant altruism and asset price bubbles

Bosi, Stefano and Ha-Huy, Thai and Pham, Cao-Tung and Pham, Ngoc-Sang (2021): Ascendant altruism and asset price bubbles.

[img]
Preview
PDF
MPRA_paper_110522.pdf

Download (440kB) | Preview

Abstract

We consider an overlapping generations economy with altruism towards parents and a long-lived asset that delivers no dividends (pure bubble asset). We explore the role of ascendant altruism on the dynamics properties of equilibrium and rational bubbles in the cases of exogenous and endogenous growths.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.