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dc.contributor.authorBroll, Udoen_US
dc.contributor.authorBattermann, Harald L.en_US
dc.contributor.authorWahl, Jack E.en_US
dc.date.accessioned2009-01-29T15:07:54Z-
dc.date.available2009-01-29T15:07:54Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/22729-
dc.description.abstractWe derive a class of utility functions that are equivalent with respect to a well-defined functional form. We study the case of constant relative risk aversion (of some order) to investigate on different equivalence relations in order to determine the, possibly infinite, number of equivalence classes when utility functions satisfy a specific form. Then we apply our results to standard applications in economics and finance, for example, to the effect of price volatility on optimum hedging.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesDresden discussion paper in economics 02/06en_US
dc.subject.jelG11en_US
dc.subject.jelD11en_US
dc.subject.jelD81en_US
dc.subject.ddc330en_US
dc.subject.keywordequivalence classen_US
dc.subject.keywordrisk aversionen_US
dc.subject.keywordsensitivity analysisen_US
dc.titleUtility Functions of Equivalent Form and the Effect of Parameter Changes on Optimum Decision Makingen_US
dc.typeWorking Paperen_US
dc.identifier.ppn51883350Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:tuddps:0206-
Appears in Collections:Dresden Discussion Paper Series in Economics, Faculty of Business and Economics, TU Dresden

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