Nonshiftable capital, affine price expectations and convergence to the golden rule.

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)

zbMATH Keywords

overlapping generationsgolden rulebubbleequity pricesaffine price expectationsfirm specificity of capital

Mathematics Subject Classification ID

Economic growth models (91B62)

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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• Tobin's Marginal q and Average q: A Neoclassical Interpretation
• Asset Valuation and Production Efficiency in an Overlapping-Generations Model with Production Shocks
• Rational Asset Pricing Bubbles
• The General Theory of Employment, Interest, and Money
• Adjustment Costs in the Theory of Investment of the Firm
• Asset Bubbles and Overlapping Generations

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