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The Effects of Knowledge Accumulation on Intergenerational Allocation of an Exhaustible Resource with Amenity Value
https://doi.org/10.18999/ecos.50.3.57
https://doi.org/10.18999/ecos.50.3.5724240852-3d79-4cb7-8523-69cb76fc0745
名前 / ファイル | ライセンス | アクション |
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Item type | 紀要論文 / Departmental Bulletin Paper(1) | |||||
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公開日 | 2008-12-09 | |||||
タイトル | ||||||
タイトル | The Effects of Knowledge Accumulation on Intergenerational Allocation of an Exhaustible Resource with Amenity Value | |||||
著者 |
CAI, Dapeng
× CAI, Dapeng |
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抄録 | ||||||
内容記述 | This paper analyzes equilibrium intergenerational allocation of an exhaustible resource with amenity value in an overlapping generations (OLG) economy. The paper first reviews two allocation schemes and concludes the ‘trust fund’ scheme, which is deemed to be ‘intergenerationally democratic’, is preferred to the ‘grandfathering’ scheme, which represents the business-as usual practice of resource use. It then introduces knowledge accumulation into the model by imposing a public R&D sector that creates new knowledge. It concludes that augmented knowledge stock leads the economy to higher stationary consumption levels and larger stocks of the resource to be preserved forever in the steady states under both of the above schemes. This is because the introduction of a public R&D sector addresses externalities concerning the creation of new knowledge. Furthermore, the paper also concludes that through the manipulation of the new knowledge output over time, it is possible to achieve certain ‘democratic’ allocation effects under the business-as –usual practice without reallocating property rights among generations. | |||||
内容記述タイプ | Abstract | |||||
出版者 | ||||||
出版者 | 名古屋大学大学院経済学研究科 | |||||
言語 | ||||||
言語 | eng | |||||
資源タイプ | ||||||
資源 | http://purl.org/coar/resource_type/c_6501 | |||||
タイプ | departmental bulletin paper | |||||
ID登録 | ||||||
ID登録 | 10.18999/ecos.50.3.57 | |||||
ID登録タイプ | JaLC | |||||
ISSN(print) | ||||||
収録物識別子タイプ | ISSN | |||||
収録物識別子 | 0022-9725 | |||||
書誌情報 |
経済科学 巻 50, 号 3, p. 57-78, 発行日 2002-12-25 |
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フォーマット | ||||||
application/pdf | ||||||
著者版フラグ | ||||||
値 | publisher | |||||
URI | ||||||
識別子 | http://hdl.handle.net/2237/10702 | |||||
識別子タイプ | HDL |