In this paper, I consider a consumer with a concave utility function over n commodities and trace out the consequences of quantity constraints on product markets for the consumer's aversion towards income risk. I show that the effect can be decomposed in a cardinal and ordinal term, that both terms may add up to a non-linear effect on the coefficient of relative risk aversion, and that a severely rationed consumer may even become less risk averse then when unconstrained
Based on a simple prior, this note derives upper bounds for the coefficient of absolute & relative r...
We analyze how risk aversion affects the order-quantity decisions of a retailer for two coordinating...
Based on a simple prior, this note derives upper bounds for the coefficient of absolute & relative r...
In this paper, I consider a consumer with a concave utility function over n commodities and trace ou...
Considering a consumer with standard preferences, I trace out the consequences for risk aversion and...
This note determines the precise connection between an agent's attitude towards income risks and his...
89 p.Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 1988.The Arrow-Pratt analysis of ri...
This paper extends Machina's (Econometrica 50 (1982), 277-323) characterization of risk aversion for...
The paper discusses criteria for comparing risk aversion of decision makers when outcomes are multid...
This paper attempts to find a relationship between agents' risk aversion and inequality of incomes. ...
The paper discusses criteria for comparing risk aversion of decision makers when outcomes are multid...
The paper discusses criteria for comparing risk aversion of decision makers when outcomes are multid...
This paper attempts to find a relationship between agents' risk aversion and inequality of incomes. ...
Attitudes towards bidimensional risk depend both on the shape of the indifference map under certaint...
We analyze how risk aversion affects the order-quantity decisions of a retailer for two coordinating...
Based on a simple prior, this note derives upper bounds for the coefficient of absolute & relative r...
We analyze how risk aversion affects the order-quantity decisions of a retailer for two coordinating...
Based on a simple prior, this note derives upper bounds for the coefficient of absolute & relative r...
In this paper, I consider a consumer with a concave utility function over n commodities and trace ou...
Considering a consumer with standard preferences, I trace out the consequences for risk aversion and...
This note determines the precise connection between an agent's attitude towards income risks and his...
89 p.Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 1988.The Arrow-Pratt analysis of ri...
This paper extends Machina's (Econometrica 50 (1982), 277-323) characterization of risk aversion for...
The paper discusses criteria for comparing risk aversion of decision makers when outcomes are multid...
This paper attempts to find a relationship between agents' risk aversion and inequality of incomes. ...
The paper discusses criteria for comparing risk aversion of decision makers when outcomes are multid...
The paper discusses criteria for comparing risk aversion of decision makers when outcomes are multid...
This paper attempts to find a relationship between agents' risk aversion and inequality of incomes. ...
Attitudes towards bidimensional risk depend both on the shape of the indifference map under certaint...
We analyze how risk aversion affects the order-quantity decisions of a retailer for two coordinating...
Based on a simple prior, this note derives upper bounds for the coefficient of absolute & relative r...
We analyze how risk aversion affects the order-quantity decisions of a retailer for two coordinating...
Based on a simple prior, this note derives upper bounds for the coefficient of absolute & relative r...