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https://hdl.handle.net/1822/6842
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Campo DC | Valor | Idioma |
---|---|---|
dc.contributor.author | Conraria, Luís Aguiar | - |
dc.contributor.author | Shell, Karl | - |
dc.date.accessioned | 2007-08-17T19:57:44Z | - |
dc.date.available | 2007-08-17T19:57:44Z | - |
dc.date.issued | 2006-09 | - |
dc.identifier.citation | "International Journal of Economic Theory". ISSN 1742-7355. 2:3-4 (Sep. 2006) 331-349. | eng |
dc.identifier.issn | 1742-7355 | eng |
dc.identifier.issn | 1742-7363 | eng |
dc.identifier.uri | https://hdl.handle.net/1822/6842 | - |
dc.description.abstract | We analyze a simple overlapping-generations model with two capital goods. The dynamical system is defined by savings behavior and short-run perfect-foresight asset-market clearing. Because lifetimes are finite, there is no transversality condition. If there is a bubble in asset pricing, it will burst in finite time: expectations will eventually be frustrated, but this might take several generations. This raises the question of whether (infinite) long-run perfect foresight is a reasonable assumption for overlapping-generations economies and, hence, whether bursting bubbles can occur in equilibrium. | eng |
dc.language.iso | eng | eng |
dc.publisher | Wiley | eng |
dc.rights | openAccess | eng |
dc.subject | Bubbles | eng |
dc.subject | Capital gains | eng |
dc.subject | Heterogeneous capital | eng |
dc.subject | Irreversible investment | eng |
dc.subject | Overlapping generations | eng |
dc.subject | Tobin's q | eng |
dc.title | Capital gains | eng |
dc.type | article | por |
dc.peerreviewed | yes | por |
dc.relation.publisherversion | http://www.blackwell-synergy.com/loi/IJET | eng |
sdum.number | 3-4 | eng |
sdum.pagination | 331-349 | eng |
sdum.publicationstatus | published | eng |
sdum.volume | 2 | eng |
sdum.journal | International Journal of Economic Theory | por |
Aparece nas coleções: | NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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Conraria_Shell_2006_IJET.pdf | Documento principal | 212,94 kB | Adobe PDF | Ver/Abrir |