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  • 标题:Comparative risk aversion for state-dependent preferences
  • 本地全文:下载
  • 作者:Quiggin, John ; Chambers, Robert G
  • 期刊名称:Journal of Food Distribution Research
  • 印刷版ISSN:0047-245X
  • 出版年度:2005
  • 卷号:36
  • 期号:5
  • 出版社:Food Distribution Research Society
  • 摘要:The idea that preferences may be state-dependent fits naturally with an analysis of uncertainty based on explicit representation of random variables as state-contingent consumption or production bundles. In this paper we show how these concepts of risk-aversion may be extended to the case of state-dependent preferences, whether or not these preferences are autocomparable in the sense of Karni. We characterize autocomparability as a special case. We show how standard comparative static results, originally derived for the state-independent expected utility model, may be extended to general state-dependent preferences, without the requirement for additive separability.
  • 关键词:Risk aversion;uncertainty;autocomparability
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