Constant relative risk aversion and form equivalence classes

Harald L. Battermann; Udo Broll; Jack E. Wahl

We derive a class of utility functions that are equivalent with respect to a well-defined functional form. We apply a general view of constant relative risk aversion to investigate on different equivalence relations. Then we compare our results with standard applications in economics and finance.

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Year of publication:	1997
Authors:	Battermann, Harald L. ; Broll, Udo ; Wahl, Jack E.
Publisher:	Konstanz
Subject:	risk aversion \| equivalence class \| utility theory \| Nutzenfunktion \| Utility function \| Risiko \| Risk \| Theorie \| Theory

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Extent:	22 S.
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/101540 [Handle]
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; D11 - Consumer Economics: Theory ; G11 - Portfolio Choice ; Methoden und Techniken der Betriebswirtschaft
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10009675762