A contribution to duality theory, applied to the measurement of risk aversion

DOI10.1007/S00199-005-0053-7MaRDI QIDQ868602zbMATH OpenOpenAlexWikidataFDO

Authors Juan-Enrique Martínez-Legaz, John K.-H. Quah

Publication date 6 March 2007

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00199-005-0053-7

zbMATH Keywords

production functionconcavitydualitycost curveshomothetic preferencesindirect utility functionBernoulli utility function

Mathematics Subject Classification ID

Individual preferences (91B08) Utility theory (91B16) Consumer behavior, demand theory (91B42)

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• Risk and Utility in the Duality Framework of Convex Analysis
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Cites work

• scientific article; zbMATH DE number 3910084 (Why is no real title available?)
• A Matrix Measure of Multivariate Local Risk Aversion
• Arrow-Pratt Measures of Risk Aversion: The Multivariate Case
• Behavior Towards Risk with Many Commodities
• Constant, Increasing and Decreasing Risk Aversion with Many Commodities
• Microeconomic theory
• On Multivariate Risk Aversion
• Risk Aversion and Consumer Preferences
• Risk Aversion in the Small and in the Large
• The Law of Demand and Risk Aversion
• The Monotonicity of Individual and Market Demand

Cited in

(6)

• Measurement of relative inequity and Yaari's dual theory of risk.
• Preferences over location-scale family
• Duality and consumption decisions under income and price risk
• Welfare variations and the comparative statics of demand
• General dual measures of riskiness
• Is there a plausible theory for decision under risk? A dual calibration critique

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