Arbeitspapier
Long-lived collateralized assets and bubbles
When infinite lived agents trade long-lived assets secured by durable goods, equilibrium exists without any uniform impatience requirements or additional debt constraints. Asset pricing bubbles are absent when the new endowments of durable goods are uniformly bounded away from zero. Otherwise, bubbles may occur, even for assets in persistently positive net supply and for deflators that yield finite present values of aggregate wealth.
- Sprache
-
Englisch
- Erschienen in
-
Series: Texto para discussão ; No. 542
- Klassifikation
-
Wirtschaft
General Equilibrium and Disequilibrium: General
Incomplete Markets
- Thema
-
Existence of equilibrium
Asset pricing bubbles
Collateralized assets.
Kapitalmarkttheorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Araujo, Aloisio
Páscoa, Mário R.
Torres-Martínez, Juan Pablo
- Ereignis
-
Veröffentlichung
- (wer)
-
Pontifícia Universidade Católica do Rio de Janeiro (PUC-Rio), Departamento de Economia
- (wo)
-
Rio de Janeiro
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Araujo, Aloisio
- Páscoa, Mário R.
- Torres-Martínez, Juan Pablo
- Pontifícia Universidade Católica do Rio de Janeiro (PUC-Rio), Departamento de Economia
Entstanden
- 2007
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