2 citations · 5 across the 7 of their papers we have counts for
4 papers · 1 filter
Wariness and Poverty Traps
Hai Ha Pham, Ngoc-Sang Pham
We investigate the effects of wariness (defined as individuals' concern for their minimum utility over time) on poverty traps and equilibrium multiplicity in an overlapping generat…
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…
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…
(Non-Monotonic) Effects of Productivity and Credit Constraints on Equilibrium Aggregate Production in General Equilibrium Models with Heterogeneous Producers
Ngoc-Sang Pham
We show that, in a market economy, the aggregate production level depends not only on the aggregate variables but also on the distribution of individual characteristics (e.g., prod…