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A Reformulation of Normative Economics for Models with Endogenous
http://hdl.handle.net/2261/56495
http://hdl.handle.net/2261/56495b67314e7-9a02-44db-98a4-d3e506c67fb1
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
wp067.pdf (384.6 kB)
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| Item type | テクニカルレポート / Technical Report(1) | |||||
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| 公開日 | 2015-05-11 | |||||
| タイトル | ||||||
| タイトル | A Reformulation of Normative Economics for Models with Endogenous | |||||
| 言語 | ||||||
| 言語 | eng | |||||
| 資源タイプ | ||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_18gh | |||||
| 資源タイプ | technical report | |||||
| 著者 |
Bhatt, Vipul
× Bhatt, Vipul× Ogaki, Masao× Yaguchi, Yuichi |
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| 著者所属 | ||||||
| 値 | Department of Economics, James Madison University | |||||
| 著者所属 | ||||||
| 値 | Department of Economics, Keio University | |||||
| 著者所属 | ||||||
| 値 | Graduate School of Economics, Chuo University | |||||
| 抄録 | ||||||
| 内容記述タイプ | Abstract | |||||
| 内容記述 | This paper proposes a framework to balance considerations of welfarism and virtue ethics in the normative analysis of economic models with endogenous preferences. We introduce the moral evaluation function (MEF), which ranks alternatives based purely on virtue ethics, and define the social objective function (SOF), which combines the Social Welfare Function (SWF) and the MEF. In a model of intergenerational altruism with endogenous time preference, using numerical simulations we show that maximizing the SWF may not yield a socially desirable state if the society values virtue. This problem can be resolved by using the SOF to evaluate alternative social states. | |||||
| 内容記述 | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | 2012～2016年度科学研究費補助金[基盤研究(S)]「長期デフレの解明」(研究代表者 東京大学経済学研究科・渡辺努, 課題番号：24223003) | |||||
| 書誌情報 |
JSPS Grants-in-Aid for Scientific Research (S) Understanding Persistent Deflation in Japan Working Paper Series 巻 067, 発行日 2015-02 |
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| 出版者 | ||||||
| 出版者 | UTokyo Price Project | |||||
| 関係URI | ||||||
| 識別子タイプ | URI | |||||
| 関連識別子 | http://www.price.e.u-tokyo.ac.jp/researchdata/ | |||||
