Nonshiftable capital, affine price expectations and convergence to the golden rule.
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Publication:1398440
DOI10.1016/S0304-4068(03)00050-8zbMath1042.91046MaRDI QIDQ1398440
Martine Quinzii, Michael J. P. Magill
Publication date: 29 July 2003
Published in: Journal of Mathematical Economics (Search for Journal in Brave)
overlapping generationsgolden rulebubbleequity pricesaffine price expectationsfirm specificity of capital
Related Items (3)
On the optimal size of social security in the presence of a stock market ⋮ On equilibrium elasticities of substitution in simple overlapping generations economies with heterogeneous goods ⋮ Asset bubbles and borrowing constraints
Cites Work
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- Asset Valuation and Production Efficiency in an Overlapping-Generations Model with Production Shocks
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- The General Theory of Employment, Interest, and Money
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