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  • Search: subject:"multivariate higher-order risk aversion"
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good-specific discount rates 1 multivariate higher-order risk aversion 1 multivariate stochastic orders 1 precautionary effect 1 term structure of discount rates 1
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Free 1
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Book / Working Paper 1
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Undetermined 1
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Heinzel, Christoph 1
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Laboratoire Études et Recherches Économiques (SMART-LERECO), Département Sciences Sociales, Agriculture et Alimentation, Espace et Environnement (SAE2) 1
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Working Papers SMART - LERECO 1
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Term structure of discount rates under multivariate s-ordered consumption growth
Heinzel, Christoph - Laboratoire Études et Recherches Économiques … - 2014
The statistical relationship among future changes in consumption can be used to derive, under certain assumptions on investor preferences, an unambiguous effect on the term structure of discount rates. Thus, an increase in concordance in uncertain consumption growth has a negative impact on the...
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