| Budget Amount *help |
¥12,350,000 (Direct Cost: ¥9,500,000、Indirect Cost: ¥2,850,000)
Fiscal Year 2011: ¥3,900,000 (Direct Cost: ¥3,000,000、Indirect Cost: ¥900,000)
Fiscal Year 2010: ¥4,030,000 (Direct Cost: ¥3,100,000、Indirect Cost: ¥930,000)
Fiscal Year 2009: ¥4,420,000 (Direct Cost: ¥3,400,000、Indirect Cost: ¥1,020,000)
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| Research Abstract |
We develop a new theory of consumers and welfare economics, assuming that consumers have preferences not only over final consumption bundles but also over opportunity sets of free choices. First, we formulate two distinct procedures of decision-making with more than one choice criteria, and derive conditions under which these procedures satisfy(bounded) rationality. Second, we study whether social states at competitive equilibria are efficient or not when we also take account of individuals' preferences for opportunity sets of free choices, and clarify efficient and inefficient cases.
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