3 papers
q-fin.CP2025
Governance, productivity and economic development
Cuong Le Van, Ngoc-Sang Pham, Thi Kim Cuong Pham +1
This paper explores the interplay between transfer policies, R\&D, corruption, and economic development using a general equilibrium model with heterogeneous agents and a government…
q-fin.CP2025
To Bubble or Not to Bubble: Asset Price Dynamics and Optimality in OLG Economies
Stefano Bosi, Cuong Le Van, Ngoc-Sang Pham
We study an overlapping generations (OLG) exchange economy with an asset that yields dividends. First, we derive general conditions, based on exogenous parameters, that give rise t…
q-fin.CP2025
Equilibrium with non-convex preferences: some insights
Cuong Le Van, Ngoc-Sang Pham
We study the existence of equilibrium when agents' preferences may not beconvex. For some specific utility functions, we provide a necessary and sufficientcondition under which the…