Property rights and resource allocation in an overlapping generations model
- 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.
| Author details: | Hans-Peter Weikard |
|---|---|
| URN: | urn:nbn:de:kobv:517-opus-8543 |
| Publication series (Volume number): | Finanzwissenschaftliche Diskussionsbeiträge (Bd. 17) |
| Publication type: | Monograph/Edited Volume |
| Language: | English |
| Publication year: | 1997 |
| Publishing institution: | Universität Potsdam |
| Release date: | 2006/09/12 |
| Source: | Finanzwissenschaftliche Diskussionsbeiträge ; 17 / Lehrstuhl für Finanzwissenschaft, Wirtschafts- und Sozialwissenschaftliche Fakultät der Universität Potsdam |
| RVK - Regensburg classification: | QL 000 |
| Organizational units: | Wirtschafts- und Sozialwissenschaftliche Fakultät / Wirtschaftswissenschaften |
| DDC classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
