Social structure, capital accumulation, and distribution of wealth

Chen, Weiye

doi:https://doi.org/10.18910/93336

アクセス数:32件（2024-05-18 06:57 集計）

固定URL: https://doi.org/10.18910/93336

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oep73_2-3_123	pdf	なし	1.64 MB	34	2023.12.20

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タイトル	Social structure, capital accumulation, and distribution of wealth
著者	著者名 Chen, Weiye
キーワード等	Coalition Production Economy
	General Equilibrium
	Social Structure
	Firm Formation
	Capital Accumulation
	Maldistribution
内容	Article
抄録	This paper explores a two-period Allow-Debreu production economy where agents cooperatively form firms (coalitions) by jointly determining investments and shareholding rates. The firm structure can be perceived as a social structure based on cooperative decision-making among agents. We introduce the concept of social coalitional general equilibrium, which is regarded as a typical social coalitional equilibrium initially presented by Ichiishi (1981), and characterize all equilibrium states. Our findings demonstrate that an equilibrium social structure is organized with dependence on initial capital accumulation, aiming to generate maximum societal wealth. Furthermore, this paper shows that in equilibrium, society tolerates maldistribution, which is endogenously determined by market mechanisms.
出版者	大阪大学経済学会・大阪大学大学院経済学研究科
出版者	The Economic Society of Osaka University and Graduate School of Economics, Osaka University
収録物名	大阪大学経済学
収録物名	Osaka Economic Papers
巻(号)	73(2・3)
ページ	123-134
刊行年月	2023-12
言語	英語
ハンドルURL	https://hdl.handle.net/11094/93336
DOI	https://doi.org/10.18910/93336
eISSN	24240397
NCID	AN00030111
アクセス権	open access
出版タイプ	Version of Record
カテゴリ	本学関連学会 Related Societies
カテゴリ	大阪大学経済学 / 73巻2・3号（2023-12）

資源タイプ	学術雑誌論文
ローカル資源タイプ	本学関連学会
DCMI資源タイプ	text
DCTERMS.bibliographicCitation	大阪大学経済学. 2023, 73(2・3), p. 123-134
DC.title	Social structure, capital accumulation, and distribution of wealth
DC.creator	Chen, Weiye
DC.publisher	大阪大学経済学会・大阪大学大学院経済学研究科
DC.publisher	The Economic Society of Osaka University and Graduate School of Economics, Osaka University
DC.language' scheme='DCTERMS.RFC1766	英語
DC.type' scheme='DCTERMS.DCMIType	text
DCTERMS.issued' scheme='DCTERMS.W3CDTF	2023-12
DC.subject	Coalition Production Economy
	General Equilibrium
	Social Structure
	Firm Formation
	Capital Accumulation
	Maldistribution
DC.description	Article
DCTERMS.abstract	This paper explores a two-period Allow-Debreu production economy where agents cooperatively form firms (coalitions) by jointly determining investments and shareholding rates. The firm structure can be perceived as a social structure based on cooperative decision-making among agents. We introduce the concept of social coalitional general equilibrium, which is regarded as a typical social coalitional equilibrium initially presented by Ichiishi (1981), and characterize all equilibrium states. Our findings demonstrate that an equilibrium social structure is organized with dependence on initial capital accumulation, aiming to generate maximum societal wealth. Furthermore, this paper shows that in equilibrium, society tolerates maldistribution, which is endogenously determined by market mechanisms.
DC.identifier	10.18910/93336
DC.format	93336
citation_title	Social structure, capital accumulation, and distribution of wealth
citation_author	Chen, Weiye
citation_publisher	大阪大学経済学会・大阪大学大学院経済学研究科
citation_publisher	The Economic Society of Osaka University and Graduate School of Economics, Osaka University
citation_language	英語
citation_date	2023-12
citation_journal_title	大阪大学経済学
citation_journal_title	Osaka Economic Papers
citation_volume	73
citation_issue	2・3
citation_firstpage	123
citation_lastpage	134
citation_public_url	https://hdl.handle.net/11094/93336
citation_doi_detail	10.18910/93336
citation_doi	https://doi.org/10.18910/93336

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