Jointly radial and translation homothetic preferences: generalized constant risk aversion

被引：0
|
作者：
Robert G. Chambers
Rolf Färe
John Quiggin
机构：
[1] University of Maryland,Department of Agricultural and Resource Economics
[2] University of Western Australia,Department of Economics and Department of Agricultural Economics
[3] The Oregon State University,Department of Economics
[4] University of Queensland,undefined
来源：
Economic Theory | 2004年 / 23卷
关键词：
Translation homotheticity; Radial homotheticity.;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
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.
引用
收藏
页码：689 / 699 (2004)
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