RISK AVERSION AND DEMAND FUNCTIONS.
The purpose of this paper is to investigate the relationship between the risk aversion function and the demand functions. Two hypotheses about risk aversion are studied: risk aversion independent of prices, and risk aversion constant on each indifference locus. The implications of these hypotheses f...
| Publicado en: | Econometrica Vol. 41; no. 3; pp. 455 - 466 |
|---|---|
| Autor principal: | |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
May73
|
| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=6857420&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 6857420 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00129682 ECN jtl: Econometrica issn: 00129682 maglogo: Y pubinfo: dt: May73 vid: 41 iid: 3 pid: 480 pub: Wiley-Blackwell artinfo: ui: 6857420 10.2307/1913370 ppf: 455 ppct: 11 formats: tig: atl: RISK AVERSION AND DEMAND FUNCTIONS. aug: au: Deschamps, Robert affil: C.O.R.E., Université Catholique de Louvain su: Demand function Risk aversion Utility functions Economic demand Hypothesis Prices Utility theory Mathematical models of economics Mathematical economics sug: subj: Demand function Risk aversion Utility functions Economic demand Hypothesis Prices Utility theory Mathematical models of economics Mathematical economics ab: The purpose of this paper is to investigate the relationship between the risk aversion function and the demand functions. Two hypotheses about risk aversion are studied: risk aversion independent of prices, and risk aversion constant on each indifference locus. The implications of these hypotheses for the utility and demand functions are then considered: in addition, the derivation of the risk aversion function from the demand functions is examined. The cases of constant (absolute and relative) risk aversion, and the problems raised by the choice of numéraire, are also dealt with. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 1973 holdings: @attributes: islocal: N |
|---|