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Long-lived Collateralized Assets and Bubbles

Authordc.contributor.authorAraujo, Aloisio 
Authordc.contributor.authorPáscoa, Mário 
Authordc.contributor.authorTorres Martínez, Juan Pablo 
Cita de ítemdc.identifier.citationSeries Documentos de Trabajo, No. 284 Agosto, 2008es_ES
Abstractdc.description.abstractWhen infinite-lived agents trade long-lived assets secured by durable goods, equilibrium exists without any additional debt constraints or uniform impatience conditions on agents' characteristics. Also, regardless of whether assets' net supply is positive or zero, price bubbles are absent when physical endowments are uniformly bounded away from zero. Otherwise, bubbles may occur, even for assets in persistently positive net supply and for deflators yielding finite present values of aggregate wealth.es_ES
Publisherdc.publisherUniversidad de Chile, Facultad de Economía y Negocioses_ES
Type of licensedc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
Link to Licensedc.rights.uri*
Sourcedc.sourceSeries Documentos de Trabajoes_ES
Keywordsdc.subjectCollateralized assetses_ES
Keywordsdc.subjectExistence of equilibriumes_ES
Keywordsdc.subjectAsset pricing bubbleses_ES
Títulodc.titleLong-lived Collateralized Assets and Bubbleses_ES
Document typedc.typeDocumento de trabajoes_ES

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Attribution-NonCommercial-NoDerivs 3.0 Chile
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivs 3.0 Chile