WEKO3
アイテム
Social Welfare Analysis of the Stock Price Bubble
https://kitakyu.repo.nii.ac.jp/records/124
https://kitakyu.repo.nii.ac.jp/records/1242979fa05-15d8-45cc-8def-d97cde920883
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
商-46(3-4)-4 (325.5 kB)
|
|
| Item type | 紀要論文 / Departmental Bulletin Paper(1) | |||||
|---|---|---|---|---|---|---|
| 公開日 | 2012-07-08 | |||||
| タイトル | ||||||
| タイトル | Social Welfare Analysis of the Stock Price Bubble | |||||
| 言語 | en | |||||
| 言語 | ||||||
| 言語 | eng | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | Stock Price Bubble | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | Endogenous Growth | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | Variety Expansion | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | Overlapping Generations | |||||
| 資源タイプ | ||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_6501 | |||||
| 資源タイプ | departmental bulletin paper | |||||
| 著者 |
Jumpei Tanaka
× Jumpei Tanaka |
|||||
| 著者別名 | ||||||
| 識別子Scheme | WEKO | |||||
| 識別子 | 193 | |||||
| 姓名 | 田中, 淳平 | |||||
| 抄録 | ||||||
| 内容記述タイプ | Abstract | |||||
| 内容記述 | We investigate how large is the social benefit (or cost) of the stock price bubble formulated by Olivier (2000). We consider three types of the bubble: continuous non-self-fulfilling bubble (CNB), and temporal non-self-fulfilling bubble (TNB), and self-fulfilling bubble (SB). Under the condition that utilities of all generations are evaluated almost equally we show that (ⅰ) the existence of CNB improves the social welfare and its extent is equilvalent to subsidizing (gB - g0) / gB (>0) rate of a wage income to all generations in the bubbleless economy (where g0 and gB are the growth rate of the economy without bubble and with bubble, respectively), (ⅱ) the welfare property of TNB is neutral in that the social welfare level of the economy with TNB is exactly equal to that of the bubbleless economy, and (ⅲ) the existence of SB harms the social welfare and its extent is equilvalent to imposing (g0 - gB) / gB (>0) rate of a wage income tax to all generations. | |||||
| 書誌情報 |
北九州市立大学商経論集 en : The Review of business and economics p. 57-74 |
|||||
| 出版者 | ||||||
| 出版者 | 北九州市立大学経済学会 | |||||
| ISSN | ||||||
| 収録物識別子タイプ | PISSN | |||||
| 収録物識別子 | 13472623 | |||||
| 書誌レコードID | ||||||
| 収録物識別子タイプ | NCID | |||||
| 収録物識別子 | AA11572872 | |||||
