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

DOI10.1016/J.JECONOM.2009.10.006MaRDI QIDQ737870zbMATH OpenOpenAlexFDO

Authors 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

Arrow-Pratt risk aversioncalibrationdecreasing absolute risk aversiondiminishing marginal utility of wealth

Mathematics Subject Classification ID

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

Recommendations

• Risk behavior in the presence of government programs
• Estimating Risk Aversion from Arrow-Debreu Portfolio Choice
• Relative risk aversion: what do we know?
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Cites work

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

Cited in

(1)

• Risk behavior in the presence of government programs

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