Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/22729 
Full metadata record
DC FieldValueLanguage
dc.contributor.authorBroll, Udoen
dc.contributor.authorBattermann, Harald L.en
dc.contributor.authorWahl, Jack E.en
dc.date.accessioned2009-01-29T15:07:54Z-
dc.date.available2009-01-29T15:07:54Z-
dc.date.issued2006-
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
dc.language.isoengen
dc.publisher|aTechnische Universität Dresden, Fakultät Wirtschaftswissenschaften |cDresdenen
dc.relation.ispartofseries|aDresden Discussion Paper Series in Economics |x02/06en
dc.subject.jelG11en
dc.subject.jelD11en
dc.subject.jelD81en
dc.subject.ddc330en
dc.subject.keywordequivalence classen
dc.subject.keywordrisk aversionen
dc.subject.keywordsensitivity analysisen
dc.titleUtility Functions of Equivalent Form and the Effect of Parameter Changes on Optimum Decision Making-
dc.typeWorking Paperen
dc.identifier.ppn51883350Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:tuddps:0206en

Files in This Item:
File
Size
268.59 kB





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