Template-type: ReDIF-Paper 1.0
Author-Name: Juan E. Martinez-Legaz
Author-Email: JuanEnrique.Martinez@uab.es
Author-Workplace-Name: Departament d'Economia i d'Historia Economica and CODE, Universitat Autonoma de Barcelona
Author-Name: John K.-H. Quah
Author-Email: john.quah@economics.ox.ac.uk
Author-Workplace-Name: St Hugh's College, Oxford University
Title: Risk Aversion over Incomes and Risk Aversion over Commodities
Abstract:
  This note determines the precise connection between an agent's attitude
  towards income risks and his attitude over risks in the underlying consumption
  space.  Our results follow a general mathematical theory connecting the
  curvature properties of an objective function with the ray-curvature properties
  of its dual.
Classification-JEL: C61, D11, D81
Keywords: risk aversion, concavity, duality
Length:14 pages
Creation-Date: 2003-03-18
Number:2003-W09
File-URL:http://www.nuff.ox.ac.uk/economics/papers/2003/w9/A_hlp15.pdf
File-Format: application/pdf
Handle: RePEc:nuf:econwp:0309