Equilibrium asset prices and bubbles in a continuous time OLG model
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Shell, Karl, 1971. "Notes on the Economics of Infinity," Journal of Political Economy, University of Chicago Press, vol. 79(5), pages 1002-1011, Sept.-Oct.
- John Geanakoplos, 2008. "Overlapping Generations Models of General Equilibrium," Levine's Working Paper Archive 122247000000002225, David K. Levine.
- Menahem E. Yaari, 1965. "Uncertain Lifetime, Life Insurance, and the Theory of the Consumer," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 32(2), pages 137-150.
- David Cass & Menahem E. Yaari, 1965. "Individual Saving, Aggregate Capital Accumulation, and Efficient Growth," Cowles Foundation Discussion Papers 198, Cowles Foundation for Research in Economics, Yale University.
- Brito, Paulo & Dilão, Rui, 2010.
"Equilibrium price dynamics in an overlapping-generations exchange economy,"
Journal of Mathematical Economics, Elsevier, vol. 46(3), pages 343-355, May.
- Brito, Paulo & Dilao, Rui, 2006. "Equilibrium price dynamics in an overlapping-generations exchange economy," MPRA Paper 699, University Library of Munich, Germany.
- Paulo Brito & Rui Dilao, 2006. "Equilibrium price dynamics in an overlapping-generations exchange economy," Working Papers Department of Economics 2006/27, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
- Blanchard, Olivier J, 1985.
"Debt, Deficits, and Finite Horizons,"
Journal of Political Economy, University of Chicago Press, vol. 93(2), pages 223-247, April.
- Olivier J. Blanchard, 1984. "Debt, Deficits and Finite Horizons," NBER Working Papers 1389, National Bureau of Economic Research, Inc.
- S. Demichelis & H. Polemarchakis, 2007. "The determinacy of equilibrium in economies of overlapping generations," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 32(3), pages 461-475, September.
- Geanakoplos, John D. & Polemarchakis, Heraklis M., 1991.
"Overlapping generations,"
Handbook of Mathematical Economics, in: W. Hildenbrand & H. Sonnenschein (ed.), Handbook of Mathematical Economics, edition 1, volume 4, chapter 35, pages 1899-1960,
Elsevier.
- GEANAKOPLOS, John D. & POLEMARCHAKIS, Heraklis M., 1991. "Overlapping generations," LIDAM Reprints CORE 946, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Geanakoplos, J. & Polemarchakis, H., 1991. "Overlapping generations," LIDAM Discussion Papers CORE 1991031, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- John Geanakoplos, 2008. "Overlapping Generations Models of General Equilibrium," Cowles Foundation Discussion Papers 1663, Cowles Foundation for Research in Economics, Yale University.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Brito, Paulo, 2014. "Interest rates and endogenous population growth: joint age-dependent dynamics," MPRA Paper 58656, University Library of Munich, Germany.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Brito, Paulo & Dilão, Rui, 2010.
"Equilibrium price dynamics in an overlapping-generations exchange economy,"
Journal of Mathematical Economics, Elsevier, vol. 46(3), pages 343-355, May.
- Brito, Paulo & Dilao, Rui, 2006. "Equilibrium price dynamics in an overlapping-generations exchange economy," MPRA Paper 699, University Library of Munich, Germany.
- Paulo Brito & Rui Dilao, 2006. "Equilibrium price dynamics in an overlapping-generations exchange economy," Working Papers Department of Economics 2006/27, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
- d’Albis, Hippolyte & Augeraud-Véron, Emmanuelle & Hupkes, Hermen Jan, 2015.
"Local determinacy of prices in an overlapping generations model with continuous trading,"
Journal of Mathematical Economics, Elsevier, vol. 58(C), pages 16-24.
- d'Albis, Hippolyte & Augeraud-Véron, Emmanuelle & Hupkes, Herman Jan, 2014. "Local Determinacy of Prices in an Overlapping Generations Model with Continuous Trading," MPRA Paper 59126, University Library of Munich, Germany.
- Hippolyte d'Albis & Emmanuelle Augeraud-Véron & Hermen Jan Hupkes, 2015. "Local determinacy of prices in an overlapping generations model with continuous trading," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01175922, HAL.
- Hippolyte d'Albis & Emmanuelle Augeraud-Véron & Hermen Jan Hupkes, 2015. "Local determinacy of prices in an overlapping generations model with continuous trading," Post-Print hal-01175922, HAL.
- Hippolyte d'Albis & Emmanuelle Augeraud-Véron & Hermen Jan Hupkes, 2015. "Local determinacy of prices in an overlapping generations model with continuous trading," PSE-Ecole d'économie de Paris (Postprint) hal-01175922, HAL.
- Brito, Paulo, 2014. "Interest rates and endogenous population growth: joint age-dependent dynamics," MPRA Paper 58656, University Library of Munich, Germany.
- Augeraud-Véron, Emmanuelle & D'Albis, Hippolyte, 2009.
"Continuous-Time Overlapping Generations Models,"
TSE Working Papers
09-047, Toulouse School of Economics (TSE).
- Hippolyte d'Albis & Emmanuelle Augeraud-Véron, 2011. "Continuous-Time Overlapping Generations Models," Post-Print hal-00424799, HAL.
- D'ALBIS Hippolyte & AUGERAUD-VÉRON Emmanuelle, 2009. "Continuous-Time Overlapping Generations Models," LERNA Working Papers 09.15.291, LERNA, University of Toulouse.
- Brito Paulo & Marini Giancarlo & Piergallini Alessandro, 2016.
"House prices and monetary policy,"
Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 20(3), pages 251-277, June.
- Paulo Brito & Giancarlo Marini & Alessandro Piergallini, 2012. "House Prices and Monetary Policy," CEIS Research Paper 250, Tor Vergata University, CEIS, revised 01 Aug 2012.
- Brito, Paulo & Marini, Giancarlo & Piergallini, Alessandro, 2016. "House Prices and Monetary Policy," MPRA Paper 89577, University Library of Munich, Germany.
- John P. Conley & Robert Driskill & Ping Wang, 2019.
"Capitalization, decentralization, and intergenerational spillovers in a Tiebout economy with a durable public good,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 67(1), pages 1-27, February.
- John P. Conley & Robert Driskill & Ping Wang, 2017. "Capitalization, Decentralization, and Intergenerational Spillovers in a Tiebout Economy with a Durable Public Good," Vanderbilt University Department of Economics Working Papers 17-00003, Vanderbilt University Department of Economics.
- Hippolyte d'Albis & Emmanuelle Augeraud-Véron, 2013.
"Frequency of trade and the determinacy of equilibrium in economies of overlapping generations,"
International Journal of Economic Theory, The International Society for Economic Theory, vol. 9(1), pages 85-100, March.
- Hippolyte d'Albis & Emmanuelle Augeraud-Véron, 2012. "Frequency of trade and the determinacy of equilibrium in economies of overlapping generations," Documents de travail du Centre d'Economie de la Sorbonne 12042, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- d'Albis, Hippolyte & Augeraud-Véron, Emmanuelle, 2012. "Frequency of trade and the determinacy of equilibrium in economies of overlapping generations," MPRA Paper 45426, University Library of Munich, Germany.
- Hippolyte d'Albis & Emmanuelle Augeraud-Véron, 2012. "Frequency of trade and the deterrminacy of equilibrium in economies of overlapping generations," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00717158, HAL.
- Hippolyte d'Albis & Emmanuelle Augeraud-Véron, 2012. "Frequency of trade and the deterrminacy of equilibrium in economies of overlapping generations," Post-Print halshs-00717158, HAL.
- Hippolyte d'Albis & Emmanuelle Augeraud-Véron, 2013. "Frequency of trade and the determinacy of equilibrium in economies of overlapping generations," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00759208, HAL.
- Hippolyte d'Albis & Emmanuelle Augeraud-Véron, 2013. "Frequency of trade and the determinacy of equilibrium in economies of overlapping generations," Post-Print hal-00759208, HAL.
- Hippolyte d'Albis & Emmanuelle Augeraud-Véron, 2013. "Frequency of trade and the determinacy of equilibrium in economies of overlapping generations," PSE-Ecole d'économie de Paris (Postprint) hal-00759208, HAL.
- Philippe Weil, 2008.
"Overlapping Generations: The First Jubilee,"
Journal of Economic Perspectives, American Economic Association, vol. 22(4), pages 115-134, Fall.
- Philippe Weil, 2008. "Overlapping generations: the first jubilee," ULB Institutional Repository 2013/13430, ULB -- Universite Libre de Bruxelles.
- Philippe Weil, 2008. "Overlapping Generations: the First Jubilee," SciencePo Working papers Main hal-01022015, HAL.
- Philippe Weil, 2008. "Overlapping Generations: the First Jubilee," Post-Print hal-01022015, HAL.
- Alogoskoufis, George & Malliaris, A.G. & Stengos, Thanasis, 2023. "The scope and methodology of economic and financial asymmetries," The Journal of Economic Asymmetries, Elsevier, vol. 27(C).
- Michau, Jean-Baptiste & Ono, Yoshiyasu & Schlegl, Matthias, 2023.
"Wealth preference and rational bubbles,"
European Economic Review, Elsevier, vol. 156(C).
- Jean-Baptiste Michau & Yoshiyasu Ono & Matthias Schlegl, 2018. "Wealth Preference and Rational Bubbles," CESifo Working Paper Series 7148, CESifo.
- Jean-Baptiste Michau & Yoshiyasu Ono & Matthias Schlegl, 2018. "Wealth Preference and Rational Bubbles," ISER Discussion Paper 1035, Institute of Social and Economic Research, Osaka University.
- Hippolyte d'Albis & Emmanuelle Augeraud-véron, 2009.
"Competitive Growth In A Life-Cycle Model: Existence And Dynamics,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 50(2), pages 459-484, May.
- Hippolyte d'Albis & Emmanuelle Augeraud-Véron, 2004. "Competitive growth in a life-cycle model: existence and dynamics," Cahiers de la Maison des Sciences Economiques v04016, Université Panthéon-Sorbonne (Paris 1).
- Hippolyte d'Albis & Emmanuelle Augeraud-Véron, 2009. "Competitive Growth in a Life-cycle Model: Existence and Dynamics," Post-Print hal-00630459, HAL.
- D'ALBIS Hippolyte & AUGERAUD-VERON Emmannuelle, 2007. "Competitive Growth in a Life-cycle Model: Existence and Dynamics," LERNA Working Papers 07.19.240, LERNA, University of Toulouse.
- Edmond, Chris, 2008.
"An integral equation representation for overlapping generations in continuous time,"
Journal of Economic Theory, Elsevier, vol. 143(1), pages 596-609, November.
- Chris Edmond, 2007. "An Integral Equation Representation for Overlapping Generations in Continuous Time," Working Papers 07-29, New York University, Leonard N. Stern School of Business, Department of Economics.
- d'Albis, Hippolyte & Decreuse, Bruno, 2009.
"Parental altruism, life expectancy and dynamically inefficient equilibria,"
Journal of Economic Dynamics and Control, Elsevier, vol. 33(11), pages 1897-1911, November.
- D'ALBIS Hippolyte & DECREUSE Bruno, 2007. "Parental altruism, life expectancy and dynamically inefficient equilibria," LERNA Working Papers 07.10.231, LERNA, University of Toulouse.
- d'Albis, Hippolyte & Decreuse, Bruno, 2007. "Parental altruism, life expectancy and dynamically inefficient equilibria," MPRA Paper 3629, University Library of Munich, Germany.
- Hippolyte d'Albis & Bruno Decreuse, 2009. "Parental Altruism, Life Expectancy and Dynamically Inefficient Equilibria," Post-Print halshs-00353112, HAL.
- d'Albis, Hippolyte, 2007.
"Demographic structure and capital accumulation,"
Journal of Economic Theory, Elsevier, vol. 132(1), pages 411-434, January.
- Hippolyte d'Albis, 2007. "Demographic structure and capital accumulation," Post-Print hal-00630200, HAL.
- Jochen Mierau & Stephen Turnovsky, 2014. "Capital accumulation and the sources of demographic change," Journal of Population Economics, Springer;European Society for Population Economics, vol. 27(3), pages 857-894, July.
- Paul Beaudry & Katsiaryna Kartashova & Césaire A Meh, 2022. "Gazing at r*: A Hysteresis Perspective," RBA Annual Conference Papers acp2022-08, Reserve Bank of Australia, revised Dec 2022.
- Ricardo Félix & Gabriela Castro & José Maria & Paulo Júlio, 2013.
"Fiscal Multipliers in a Small Euro Area Economy: How Big Can They Get in Crisis Times?,"
EcoMod2013
5307, EcoMod.
- Gabriela Castro & Ricardo M. Felix & Paulo Julio & Jose R. Maria, 2014. "Fiscal multipliers in a small euro area economy: How big can they get in crisis times?," CEFAGE-UE Working Papers 2014_07, University of Evora, CEFAGE-UE (Portugal).
- Gabriela Castro & José R. Maria & Paulo Júlio, 2013. "Fiscal multipliers in a small euro area economy: How big can they get in crisis times?," Working Papers w201311, Banco de Portugal, Economics and Research Department.
- Hippolyte D'Albis & Emmanuelle Augeraud-Veron, 2008.
"Endogenous Retirement and Monetary Cycles,"
Mathematical Population Studies, Taylor & Francis Journals, vol. 15(4), pages 214-229.
- D'ALBIS Hippolyte & AUGERAUD-VERON Emmanuelle, 2007. "Endogenous Retirement and Monetary Cycles," LERNA Working Papers 07.14.235, LERNA, University of Toulouse.
- Hippolyte d'Albis & Emmanuelle Augeraud-Véron, 2008. "Endogenous Retirement and Monetary Cycles," Post-Print hal-00424801, HAL.
- Nakata, Taisuke & Ogaki, Ryota & Schmidt, Sebastian & Yoo, Paul, 2019.
"Attenuating the forward guidance puzzle: Implications for optimal monetary policy,"
Journal of Economic Dynamics and Control, Elsevier, vol. 105(C), pages 90-106.
- Taisuke Nakata & Ryota Ogaki & Sebastian Schmidt & Paul Yoo, 2018. "Attenuating the Forward Guidance Puzzle : Implications for Optimal Monetary Policy," Finance and Economics Discussion Series 2018-049, Board of Governors of the Federal Reserve System (U.S.).
- Nakata, Taisuke & Ogaki, Ryota & Schmidt, Sebastian & Yoo, Paul, 2019. "Attenuating the forward guidance puzzle: implications for optimal monetary policy," Working Paper Series 2220, European Central Bank.
- Stelter, Robert, 2014.
"Over-aging: Are present human populations too old?,"
Thuenen-Series of Applied Economic Theory
137, University of Rostock, Institute of Economics.
- Robert Stelter, 2015. "Over-aging - Are present human populations too old?," LIDAM Discussion Papers IRES 2015009, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- Stelter, Robert, 2014. "Over-aging - Are present human populations too old?," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100334, Verein für Socialpolitik / German Economic Association.
More about this item
Keywords
overlapping generations; asset pricing; bubbles; integral equations; LambertW function;All these keywords.
JEL classification:
- G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
- D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
NEP fields
This paper has been announced in the following NEP Reports:- NEP-DGE-2008-09-29 (Dynamic General Equilibrium)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:10701. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.