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econ.TH2025★ 2 cited
Comment on 'Asset Bubbles and Overlapping Generations'
Ngoc-Sang Pham, Alexis Akira Toda
Tirole (1985) studied an overlapping generations model with capital accumulation and showed that the emergence of asset bubbles solves the capital over-accumulation problem. His Pr…
econ.TH2025★ 1 cited
Global Characterization of Equilibria in Tirole's (1985) Model with a Dividend-Paying Asset
Ngoc-Sang Pham, Alexis Akira Toda
We revisit Tirole's classic paper "Asset Bubbles and Overlapping Generations" (1985, Econometrica) in the case of a dividend-paying asset. Recently, Pham and Toda (2026) constructe…