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- W3121983311 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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- W3121983311 date "2016-01-01" @default.
- W3121983311 modified "2023-09-26" @default.
- W3121983311 title "Rational land and housing bubbles in infinite-horizon economies" @default.
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