Detail Relative Risk Aversion With Arrow-Debreu Securities   Oleh:  Mitchell, Douglas W. Jenis: Article from Bulletin/Magazine Dalam koleksi: INTERNATIONAL ECONOMIC REVIEW vol. 35 no. 1 (1994), page 257-258. Topik: risks; risk aversion; arrow - debreu securities Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: II49.4 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel This note considers a porfolio problem with a complete set of Arrow - Debreu securities, each of which pays a positive return in only one state. It is shown that an increase in the return to asset i in state i causes an increase (no change ; a decrease) in demand for asset i if and only if relative risk aversion evaluated in state i is less than (equal to ; greater than) unity. Demands for all other assets change in the opposite direction. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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