Jointly radial and translation homothetic preferences: generalized constant risk aversion
| Contribuinte(s) |
Aliprantis C. D. |
|---|---|
| Data(s) |
01/01/2004
|
| Resumo |
The paper identifies the structural restrictions on preferences required for them to exhibit both translation homotheticity in particular direction and radial homotheticity. The results are illustrated by an application to an asset allocation problem in the absence of riskless asset. |
| Identificador | |
| Idioma(s) |
eng |
| Publicador |
Springer Verlag |
| Palavras-Chave | #Translation Homotheticity #Radial Homotheticity #Benefit #Economics #C1 #340101 Microeconomic Theory #729999 Economic issues not elsewhere classified |
| Tipo |
Journal Article |
