Calibrating the wealth effects of decoupled payments: does decreasing absolute risk aversion matter?

DOI10.1016/j.jeconom.2009.10.006zbMath1441.62761OpenAlexW1969185002MaRDI QIDQ737870

David R. Just

Publication date: 12 August 2016

Published in: Journal of Econometrics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jeconom.2009.10.006

zbMATH Keywords

calibrationdecreasing absolute risk aversionArrow-Pratt risk aversiondiminishing marginal utility of wealth

Mathematics Subject Classification ID

Applications of statistics to economics (62P20) Utility theory (91B16)

Cites Work

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• Subdivision strategies for boxes in branch-and-bound nonlinear solvers and verification
• Relative risk aversion: what do we know?
• Empirical implementation of ex ante cost functions
• Prospect Theory: An Analysis of Decision under Risk
• Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework
• Risk Aversion in the Small and in the Large
• Production Function Estimation: Reviving the Primal
• Production risk and the estimation of ex-ante cost functions

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