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The Demand for Risky Assets.

This article develops an aggregate demand function for risky assets in the U.S. Prior to analyzing the survey data, the paper will adapt and extend existing theory to obtain the relationships between the composition of household wealth and their utility functions. These relationships are suitable fo...

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Published in:American Economic Review Vol. 65; no. 5; pp. 900 - 923
Main Authors: Friend, Irwin, Blume, Marshall E.
Format: Article
Published: American Economic Association Dec75
Subjects:
Investments
Risk
Demand function
Economic demand
Supply & demand
Expected utility
Online Access:View this record in EBSCOhost