An axiomatic analysis of the welfare measure based on the equivalence scale
| Project/Area Number |
24530191
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Multi-year Fund |
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| Section | 一般 |
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| Research Field |
Economic theory
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| Research Institution | Tohoku University |
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Principal Investigator |
MIYAKE Mitsinobu 東北大学, 経済学研究科(研究院), 教授 (00190752)
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| Project Period (FY) |
2012-04-01 – 2015-03-31
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| Project Status |
Completed (Fiscal Year 2014)
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| Budget Amount *help |
¥2,470,000 (Direct Cost: ¥1,900,000、Indirect Cost: ¥570,000)
Fiscal Year 2014: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2013: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2012: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
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| Keywords | 等価尺度 / 消費者余剰 / 区間尺度 / 対数効用関数 |
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| Outline of Final Research Achievements |
In a competitive market setting, the social evaluation process is formulated as an Arrovian social welfare function, and it is shown that there is no social welfare function satisfying the Arrovian three axioms. In order to derive a positive result, it is shown that logarithmic function is axiomatically derived as a consumer's cardinal utility function on money income levels, which implies that Eisenberg's consumer surplus measure can be characterized by the preference axioms. Moreover, the consumer surplus measures under risks are axiomatically analyzed.
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Report
(4 results)
Research Products
(3 results)
