Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5060375 | Economics Letters | 2013 | 4 Pages |
Abstract
⺠We give conditions under which a change in the risky payoffs of a risky asset induces a decrease in its price. ⺠The changes are general order stochastic dominance and increase in risk in the sense of Ekern (1980). ⺠Conditions involve the coefficients of relative risk aversion of higher orders.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Octave Jokung,