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Equilibrium asset prices and bubbles in a continuous time OLG model

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Figure

Figure 1 illustrates this result by presenting combinations of values for σ and
Figure 1: Shaded area: values of (σ, α) if γ > ρ such that there are no speculativebubbles.
Figure 2: Curves Sand values of ((γ) = 0, S′(γ) = 0 , S(x∗) = 0 and e(1+αη/(1−σ))(1 − σ)−1 = −e−σ, α) such that there are no speculative bubbles.

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