haku: @author Gollier, C. / yhteensä: 9
viite: 8 / 9
| Tekijä: | Gollier, C. |
| Otsikko: | The comparative statics of changes in risk revisited |
| Lehti: | Journal of Economic Theory
1995 : AUG, VOL. 66:2, p. 522-535 |
| Asiasana: | ECONOMIC THEORY CHANGE RISK |
| Kieli: | eng |
| Tiivistelmä: | In this paper the author considers the problem of determining the conditions under which a change in risk increases the optimal value of a decision variable for all risk-averse agents. For a large class of payoff functions, the author obtains the least constraining (necessary and sufficient) condition on the change in risk for signing its effect without any additional restriction on the utility function than risk aversion. It entails all existing sufficient conditions as particular cases. |
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