Management Model of Resources Equilibrium Distribution among Overlapping-Generations

The overlapping generation models the western scholars have designed from various perspectives to address different kinds of issues do not reflect Chinese emerging political and economic problems, and cannot be entirely and blindly applied to Chinese practical situation. In this paper the authors endeavor to incorporate some western scholars' research results into their own research findings to present overlapping generations model theory in a new perspective through establishing an overlapping generations theory on population including articulation of concepts and theorems of biological generation, economic generation and social generation and the overlapping periods in biological generation and two overlapping periods in economic generation among three generations. This management model with equilibrium distribution of resource wealth includes overlapping generations length model (6), equilibrium transfer model (θ) and a complete model on equilibrium distribution among generations (δ-θ). The model

An Overlapping-Generations Model of Firm Heterogeneity in Economic Development

We study overlapping-generations firm heterogeneity in economic development in an general equilibrium model in which manufacturing firms engage in oligopolistic competition. Individuals differ in their productivities in the manufacturing sector and choose to become entrepreneurs or workers. The model is surprisingly tractable. In the steady state, an increase in the entry barrier in the manufacturing sector or an increase in the percentage of income spent on the agricultural good decreases the wage rate, but the level of output in the manufacturing sector does not necessarily decrease. An increase in the degree of patience of an individual increases the steady state wage rate and the capital stock. Even with increasing returns in manufacturing and constant returns in agriculture, neither the wage rate nor the output level in the manufacturing sector may increase with population size.

Non-regular Employment of Women,Fertility Rate,and Economic Growth

This study analyzes the interaction between non-regular employment of women and economic growth patterns by an overlapping-generations model.Declining Birthrate White Paper-Cabinet Office(2013)shows the ideal number of children per household is 2.42 compared to the current number of 2.07,which is the lowest so far in Japan.The main reason households do not have the ideal number of children is“the costs burden of childcare and education”and the ratio amounts to 60.4%.In recent years in Japan,households in which both the husband and the wife work are increasing,whereas those in which only the husband works are decreasing.Additionally,although women have same educational background and abilities as men,most women become non-regular employees after marriage and childbirth,which reduces household income.In such a situation,raising the rate of pension insurance will be a big burden for the household and the declining birthrate may be caused by high levels of educational expenditure and pension insurance.The Japanese government has discussed raising the wages of non-regular employees.This paper finds that a rise in the wage rate of non-regular employment is needed under the public pension policy that raises the rate of pension insurance,and it must be at an adequate level.That is,there is a high risk that this policy will have a negative effect on Japan’s economic growth if an adequate level is not achieved.

A Dynamic Model of the Choice of Technology in Economic Development

In this overlapping-generations model, there is unemployment in the manufacturing sector. Manufacturing firms engage in oligopolistic competition and choose technologies to maximize profits. With capital as a fixed cost of production, increasing returns in the manufacturing sector exist. In the unique steady state, first, when individuals become more patient, the savings rate increases while the level of an individual＇s income decreases. Second, an increase in population or percentage of income spent on manufactured goods does not change steady-state technology while the level of an individual＇s income decreases. Third, an increase in the wage rate leads manufacturing firms to choose more advanced technologies and the steady-state capital stock increases. Finally, an increase in the level of subsidies to technology adoption does not change steady-state technology.

An Analysis of Chinese Stakeholders of Listed Company Based on Evolutionary Game Theory

This paper concentrate on related theories based on moral hazard and agency costs to divide the stakeholder into two categories. By making several assumptions, we establish the overlapping-generations model based on genetic replication equation and analyze the stakeholder in stock market with evolutionary game and then conclude the evolutionary equilibrium based on data of Chinese stock market.