期刊名称：Dresden Discussion Paper Series in Economics / Dresden University of Technology, Faculty of Business Management and Economics
印刷版ISSN：0945-4829
出版年度：2006
卷号：1
出版社：Dresden
摘要：We derive a class of utility functions that are equivalent with respect to a well-defined functional form. We study the
case of constant relative risk aversion (of some order) to investigate on different equivalence relations in order to
determine the, possibly infinite, number of equivalence classes when utility functions satisfy a specific form. Then we
apply our results to standard applications in economics and finance, for example, to the effect of price volatility on
optimum hedging.
