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Ascendant altruism and asset price bubbles

Author

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  • Bosi, Stefano
  • Ha-Huy, Thai
  • Pham, Cao-Tung
  • Pham, Ngoc-Sang

Abstract

We consider an overlapping generations economy with altruism towards parents and a long-lived asset that delivers no dividends (pure bubble asset). We explore the role of ascendant altruism on the dynamics properties of equilibrium and rational bubbles in the cases of exogenous and endogenous growths.

Suggested Citation

  • Bosi, Stefano & Ha-Huy, Thai & Pham, Cao-Tung & Pham, Ngoc-Sang, 2021. "Ascendant altruism and asset price bubbles," MPRA Paper 110522, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:110522
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    References listed on IDEAS

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    More about this item

    Keywords

    Overlapping generations; ascendant altruism; capital accumulation; growth; rational bubbles;
    All these keywords.

    JEL classification:

    • D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy; Intergenerational Transfers
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)

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