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Risk and prices in separable utility functions

โœ Scribed by Richard Engelbrecht-Wiggans


Book ID
112142898
Publisher
John Wiley and Sons
Year
1986
Tongue
English
Weight
279 KB
Volume
7
Category
Article
ISSN
0143-6570

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๐Ÿ“œ SIMILAR VOLUMES


Mean utility preserving increases in ris
โœ Michel Demers ๐Ÿ“‚ Article ๐Ÿ“… 1987 ๐Ÿ› Springer US ๐ŸŒ English โš– 654 KB

This paper i defines the concept of a mean utility preserving spread across states (MUPSAS) for state dependent utility functions and analyzes the behavioural impact of shifts in the probability distribution of wealth across states such that overall mean utility is preserved. The main result provide