Rawlsian Intergenerational Justice as a Markov-Perfect Equilibrium in a Resource Technology
在不可再生资源技术中结合罗尔斯最大最小准则与非家长式利他偏好,发现该准则在部分初始条件下时间不一致,并在给定假设下找到唯一的子博弈完美均衡作为代际冲突的解决方案。
The Rawlsian maximin criterion is combined with nonpaternalistic altruistic preferences in a nonrenewable resource technology. The maximin programme is shown to be time-inconsistent for a subset of initial conditions. A solution to this intergenerational conflict is found, under a given assumption, as a generically unique subgame-perfect equilibrium.