Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/101985
Authors: 
Hector, Svenja
Year of Publication: 
2013
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 107.2013
Abstract: 
The paper clarifies the link between changes in risk aversion and the effect on the consumption discount rate. In a general framework that can cope with various forms of uncertainty, it is shown that the response of the consumption discount rate to a change in risk aversion depends on some fundamental properties of the considered uncertainties. The application of this general result to specific forms of uncertainty extends existing results to more general forms of risk and yields a new result on preference uncertainty.
Subjects: 
Discount Rate
Risk Aversion
Kreps-Porteus-Selden
Risk-Sensitive Preferences
Uncertain Preferences
Climate Change
JEL: 
H43
D81
Q54
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.