The non-dismal science of intergenerational affective interactions

• 成果类型: Article
• 署名作者: Heifetz, Aviad
• 署名单位: Open University Israel
• 刊物名称: GAMES AND ECONOMIC BEHAVIOR
• ISSN/ISSBN: 0899-8256
• DOI: 10.1016/j.geb.2023.04.009
• 发表日期: 2023
• 页码: 575-584
• 关键词: Purely affective interactions; Intergenerational efficiency; Nonpaternalistic

摘要

We prove that if each generation cares, non-paternalistically, about other generations' wellbeing rather than about their choices, and do not curb or otherwise alter future generations' choice sets, then backward induction intergenerational choice paths are efficient. This somewhat surprising result implies that intergenerational inefficiencies, to the extent that they do occur, are not due to different generations having different preferences, and prior generations trying to tip the scales in favor of their own tastes and values.(c) 2023 Elsevier Inc. All rights reserved.