| アイテムタイプ |
デフォルトアイテムタイプ（フル）その２(1) |
| 公開日 |
2017-05-20 |
| タイトル |
|
|
タイトル |
Endogenous Present-Bias and Policy Implementation |
|
言語 |
en |
| 作成者 |
古澤, 泰治
Lai, Edwin
|
| 寄与者 |
|
|
寄与者タイプ |
Editor |
|
|
姓名 |
現代経済システムの規範的評価と社会的選択 = Center for Excellence Project The Normative Evaluation and Social Choice of Contemporary Economic Systems |
|
|
言語 |
en |
| アクセス権 |
|
|
アクセス権 |
open access |
|
アクセス権URI |
http://purl.org/coar/access_right/c_abf2 |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
endogenous present-bias |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
hyperbolic discounting |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
time-inconsistency |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
procrastination |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
multi-party political system |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
policy implementation |
| 内容記述 |
|
|
内容記述タイプ |
Other |
|
内容記述 |
First version: September 2005 ; This version: July 2008 |
|
言語 |
en |
| 内容記述 |
|
|
内容記述タイプ |
Abstract |
|
内容記述 |
This paper presents a detailed analysis of the present-bias of governments in a multiparty political system and the resulting inefficiency in policy implementation. We show that under a two-party political system the party in office tends to be present-biased and time-inconsistent. This may lead to inefficient procrastination of socially beneficial projects that impose upfront social/economic costs but yield long-term social/economic benefits, such as trade liberalization. However, procrastination is often not indefinite. There exist equilibria in which the project is carried out, and in many cases completed in finite time. The procrastination problem tends to get more serious as the cost of the project gets higher. When the cost is low, there is no procrastination problem. When the cost is high, the project can be procrastinated indefinitely, though there may exist equilibria in which the project is implemented gradually. When the cost is intermediate, there is an array of equilibria, all characterized by some form of procrastination. Thus, the model can explain why sometimes even unilateral trade liberalization is carried out gradually or procrastinated. |
| 出版者 |
|
|
出版者 |
Graduate School of Economics and Institute of Economic Research, Hitotsubashi University |
| 日付 |
|
|
日付 |
2008-03 |
|
日付タイプ |
Issued |
| 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 |
| 出版タイプ |
|
|
出版タイプ |
VoR |
|
出版タイプResource |
http://purl.org/coar/version/c_970fb48d4fbd8a85 |
| 関連情報 |
|
|
関連タイプ |
isPartOf |
|
|
関連名称 |
COE-RES Discussion Paper Series ; No. 252 |
| ページ数 |
|
|
ページ数 |
28 |
| Sponsorship |
|
|
値 |
21世紀COEプログラム = 21st-Century COE Program |
| JEL |
|
|
値 |
C70 |
| JEL |
|
|
値 |
D11 |
| JEL |
|
|
値 |
D60 |
| JEL |
|
|
値 |
D72 |
| JEL |
|
|
値 |
D78 |
| JEL |
|
|
値 |
D91 |
070resDP_252.pdf (344354 bytes)
