Now showing items 1-1 of 1

    • Long-lived collateralized assets and bubbles 

      Araújo, Aloísio Pessoa de; Pascoa, Mario Rui; Torres-Martinez, Juan Pablo
      2011-05
      When 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, price bubbles are ...