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Risk aversion and the elasticity of substitution in general dynamic portfolio theory : consistent planning by forward looking, expected utility maximizing investors
Kihlstrom, Richard E. - In: Journal of mathematical economics 45 (2009) 9/10, pp. 634-663
Persistent link: https://www.econbiz.de/10003928564
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A general equilibrium entrepreneurial theory of firm formation based on risk aversion
Kihlstrom, Richard E.; Laffont, Jean-Jacques - In: Innovation and entrepreneurship, (pp. 328-357). 2009
Persistent link: https://www.econbiz.de/10003859412
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A General Equilibrium Entrepreneurial Theory of Firm Formation Based on Risk Aversion
Kihlstrom, Richard E. - 2011
Based on an entrepreneurial model having historical roots in Knight (1921), a competitive general equilibrium theory of the firm under uncertainty is constructed. The expected utility maximization criterion is used and justified by assuming that for each firm there is an expected utility...
Persistent link: https://www.econbiz.de/10013134193
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A general equilibrium entrepreneurial theory of firm formation based on risk aversion
Kihlstrom, Richard E.; Laffont, Jean-Jacques - In: Keystones of entrepreneurship knowledge : [published on …, (pp. 46-67). 2005
Persistent link: https://www.econbiz.de/10003424111