The fundamental mechanisms of resource allocation



In the debate on national debt, deficits, social programs and pension plans, one factor keeps coming up: intergenerational sharing of resources. Indeed, the economic and political decisions taken today will have an impact on future generations. The researchers of the Groupe de recherche en économie normative et justice distributive (Normative Economy and Distributive Justice Research Group), directed by Lars Ehlers from Université de Montréal, is interested in new methods for analyzing the problems of intergenerational resource allocation. These methods are critical for ensuring proper sharing of current resources with future generations. Research on this subject has been published in the specialized journals Economic Theory and Social Choice and Welfare.

The researchers have also turned their attention to the development of methods for testing policy choices. This will facilitate the prediction of the impact of various public policies on individual consumption, which is critical in evaluating the evolution of available resources. The results of this work have been published in the prestigious journal Economica.

Decisions made during public policy development do not depend solely on economic considerations, but also on external factors such as social conventions. The researchers have worked on developing means of integrating these external factors into the analysis of decision-making processes. Their results appeared in Economics and Philosophy.

The researchers did not stop there: they went on to study the impact of our society's cultural diversity on the development of public policy. Their analysis has also been published in Economica. An examination of ethnic and linguistic diversity within the population is an important factor in understanding public programs in a multicultural society.

Team

Groupe de recherche en économie normative et justice distributive

Director

Lars Ehlers, Université de Montréal

Regular members

  • Walter Bossert, Université de Montréal 
  • Sidartha Gordon, Université de Montréal 
  • Yves Sprumont, Université de Montréal