A Note on the Interpretation and Estimation of Parkin's Discount House Portfolio Model.

The article focuses on the interpretation and estimation of economist Michael Parkin's Discount House portfolio model. Asset demand and liability supply functions are derived by the constrained maximization of a negative exponential utility function under the assumption that profit is normally distr...

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Bibliographic Details

Published in:	Review of Economic Studies Vol. 48; no. 3; pp. 533 - 536
Main Author:	Clements, Kenneth W.
Format:	Article
Published:	Oxford University Press / USA Jul81
Subjects:	Analysis of variance Discount houses (Finance) Assets (Accounting) Financial institutions Investments Rate of return Supply-side economics Utility theory Economic demand
Online Access:	View this record in EBSCOhost