Arbeitspapier

Property rights and resource allocation in an overlapping generations model

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The paper is an enquiry into dynamic social contract theory. The social contract defines the rules of resource use. An intergenerational social contract in an economy with a single exhaustible resource is examined within a framework of an overlapping generations model. It is assumed that new generations do not accept the old social contract, and access to resources will be renegotiated between any incumbent generation and their successors. It turns out that later generations will be in an unfortunate position regardless of their bargaining power.

Language
Englisch

Bibliographic citation
Series: Finanzwissenschaftliche Diskussionsbeiträge ; No. 17

Classification
Wirtschaft
Micro-Based Behavioral Economics: General‡

Event
Geistige Schöpfung
(who)
Weikard, Hans-Peter
Event
Veröffentlichung
(who)
Universität Potsdam, Lehrstuhl Finanzwissenschaft
(where)
Potsdam
(when)
1997

Handle
URN
urn:nbn:de:kobv:517-opus-8543
Last update
10.03.2025, 11:44 AM CET

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Object type

  • Arbeitspapier

Associated

  • Weikard, Hans-Peter
  • Universität Potsdam, Lehrstuhl Finanzwissenschaft

Time of origin

  • 1997

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