Jointly radial and translation homothetic preferences: generalized constant risk aversion

B-Tier
Journal: Economic Theory
Year: 2004
Volume: 23
Issue: 3
Pages: 689-699

Authors (3)

Robert Chambers (not in RePEc) Rolf Färe (not in RePEc) John Quiggin (University of Queensland)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

The paper identifies the structural restrictions on preferences required for them to exhibit both translation homotheticity in particular direction and radial homotheticity. The results are illustrated by an application to an asset allocation problem in the absence of riskless asset. Copyright Springer-Verlag Berlin/Heidelberg 2004

Technical Details

RePEc Handle
repec:spr:joecth:v:23:y:2004:i:3:p:689-699
Journal Field
Theory
Author Count
3
Added to Database
2026-01-25