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dc.contributor.authorLe Grand, François
dc.contributor.authorChassagnon, Arnold
dc.contributor.authorBommier, Antoine
dc.date.accessioned2010-06-25T09:00:11Z
dc.date.available2010-06-25T09:00:11Z
dc.date.issued2012
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/4434
dc.language.isoenen
dc.subjectsaving behaviorsen
dc.subjectprecautionary savingsen
dc.subjectrisk aversionen
dc.subject.ddc338.5en
dc.subject.classificationjelD11en
dc.subject.classificationjelD81en
dc.subject.classificationjelD91en
dc.titleComparative Risk Aversion: A Formal Approach with Applications to Saving Behaviorsen
dc.typeArticle accepté pour publication ou publié
dc.description.abstractenWe consider a formal approach to comparative risk aversion and apply it to intertemporal choice models. This makes it possible to investigate whether standard classes of utility functions, such as those inspired from Kihlstrom and Mirman (1974), Selden (1978), Epstein and Zin (1989) or Quiggin (1982) are well ordered in terms of risk aversion. Moreover, opting for a model free approach, we establish new general results on the impact of risk aversion on saving behaviors. In particular, we show that risk aversion enhances precautionary savings, clarifying the link that exists between the notions of prudence and risk aversion.en
dc.relation.isversionofjnlnameJournal of Economic Theory
dc.relation.isversionofjnlvol147
dc.relation.isversionofjnlissue4
dc.relation.isversionofjnldate2012
dc.relation.isversionofjnlpages1614-1641
dc.relation.isversionofdoihttp://dx.doi.org/10.1016/j.jet.2010.10.015
dc.identifier.urlsitehttp://hal.archives-ouvertes.fr/hal-00451281/fr/
dc.description.sponsorshipprivateouien
dc.relation.isversionofjnlpublisherElsevier
dc.subject.ddclabelMicroéconomieen


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