2009 Fiscal Year Final Research Report
Intertemporal resource allocation and intergenerational equity : compatibility of efficiency and equity
| Project/Area Number |
18610003
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
世代間衡平性
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| Research Institution | Hosei University |
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Principal Investigator |
SAGARA Nobusumi Hosei University, 経済学部, 教授 (90286005)
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| Co-Investigator(Kenkyū-buntansha) |
MILAN Vlach 京都情報大学院大学, 応用技術研究課, 教授 (40291372)
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| Project Period (FY) |
2006 – 2009
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| Keywords | 世代間衡平性 / 効率性 / 異時点間資源配分 |
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| Research Abstract |
I have investigated the following three theoretical aspects of intertemporal resource allocations : (1) a characterization of optimal paths for economic growth ; (2) representation of intertemporal preferences by utility functions ; (3) solutions to fair division problems. I have proved the existence of optimal path for economies with increasing returns in which a representative agent possesses a recursive utility function that endogenizes time preference for consumption paths. In the fair division problem, I have demonstrated the existence of solutions which satisfy both efficiency and fairness.
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