Risk preference estimation in the nonlinear mean standard deviation approach.
Risk preferences and technology are jointly estimated in the nonlinear mean-standard deviation framework for a competitive firm model under price risk. A utility function is proposed that nests various risk preference structures and risk neutrality as empirically refutable special cases. The empir...
| Publicado en: | Economic Inquiry Vol. 35; pp. 770 - 783 |
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| Formato: | Artículo |
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Wiley-Blackwell
October 1997
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| Acceso en línea: | Ver este registro en EBSCOhost |