An alternative estimation method for the OCE model

We provide an alternative estimation method which can be used to estimate the coefficient of intertemporal substitution and risk aversion separately, without assuming log-normal distribution or using a social market portfolio. We find the two parameters are significantly positive. This finding is the first case in this field.

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Year of publication:	1996
Authors:	Kuwahara, Yoshiko ; Ohkusa, Yasushi
Published in:	Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 3.1996, 8, p. 501-503
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009207670