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We host different speakers at our Economic Theory & Policy Seminar.

Upcoming topics and speakers will be posted below.

14. December 2026, 16:00 until 17:30

Economic Theory & Policy Seminar / G. Sorger (University of Vienna) / Inevitability of stock price bubbles in simple growth models

Seminar

Gerhard Sorger will give a talk at our Economic Theory and Policy Seminar.

Gerhard Sorger, opens an external URL in a new window (University of Vienna)

“Inevitability of stock price bubbles in simple growth models”

We consider a number of deterministic models of economic growth in which all agents act rationally and the unique perfect foresight equilibrium features a stock price bubble. The key assumptions are that the production technology exhibits decreasing returns to scale (so that firms earn positive profits) and that wage income and dividend income have different growth rates. We relate the latter property to the violation of the Inada conditions for labor. The unique equilibrium fails to satisfy the property of balanced growth.

Calendar entry

Event location: TU Wien
1040 Vienna
Wiedner Hauptstr. 8-10, Seminarroom: DB03 yellow (Freihaus building, yellow area, 3rd floor)
Organiser: ECON
Julia Hutter
julia.hutter@tuwien.ac.at
Public: Yes
Entrance fee: No
Registration required: No

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Events

Economic Theory & Policy Seminar / G. Sorger (University of Vienna) / Inevitability of stock price bubbles in simple growth models

Event details