Assets with possibly negative dividends
Ngoc Sang Pham  1@  
1 : Montpellier Business School  (MBS)  -  Website
Groupe Sup de Co Montpellier (GSCM) - Montpellier Business School

The paper introduces assets whose dividends can take any value (positive, negative or zero) in a dynamic general equilibrium model with financial market imperfections. We investigate the interplay between the asset markets and the production sector. The behavior of asset price and value is also studied.


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