𝔖 Bobbio Scriptorium
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Workshop V—What is a risk factor and what is not—Theoretical and practical implications

✍ Scribed by Chairman Thomas A. Pearson

Book ID
115683410
Publisher
Elsevier Science
Year
1991
Tongue
English
Weight
373 KB
Volume
90
Category
Article
ISSN
1555-7162

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## Abstract An entrepreneur faces two types of risk: one from income generation, one from income spending. His income from firm profits is risky due to output price fluctuations and other risks. As a consumer, he is also exposed to inflation risk since he maximizes expected utility of real income.