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• W2392655976 abstract "This paper considers rational land and housing bubbles in an infinite-horizon general equilibrium model. Their demands rest on two different grounds: the land is an input to produce while the house may be consumed. Our work differs from the existing literature in two respects. First, dividends on both these long-lived assets are endogenous and their sequences are computed. Second, we introduce and study different concepts of bubbles, including individual and strong bubbles." @default.
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• W2392655976 date "2016-12-04" @default.
• W2392655976 modified "2023-09-25" @default.
• W2392655976 title "Rational Land and Housing Bubbles in Infinite-Horizon Economies" @default.
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• W2392655976 doi "https://doi.org/10.1007/978-3-319-44076-7_9" @default.
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