Supermodularity and the comparative statics of risk

In this article, it is shown that a wide range of comparative statics results from expected utility theory can be extended to generalized expected utility models using the tools of supermodularity theory. In particular, a range of concepts of decreasing absolute risk aversion may be formulated in terms of the supermodularity properties of certainty equivalent representations of preferences

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Year of publication:	2004-06-20
Authors:	Quiggin, John ; Chambers, Robert G
Institutions:	School of Economics, University of Queensland
Subject:	supermodularity \| comparative statics \| risk \| Environmental Economics and Policy \| Risk and Uncertainty

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Extent:	application/pdf
Series:	Risk and Sustainable Management Group Working Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series School of Economics>Risk and Sustainable Management Group Working Papers Number 151164
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010910984