Rince Preferences

Roger E. A. Farmer ()

The Quarterly Journal of Economics, 1990, vol. 105, issue 1, pages 43-60

Abstract: This paper presents a class of preferences that yield closed-form solutions to dynamic stochastic choice problems. These preferences are based on a set of axioms that were proposed by Kreps and Porteus. The Kreps-Porteus axioms allow one to separate an agent's attitudes to risk from his or her intertemporal elasticity of substitution. RINCE preferences have the properties of RIsk Neutrality and Constant Elasticity of substitution. Copyright 1990, the President and Fellows of Harvard College and the Massachusetts Institute of Technology.

Date: 1990
References: Add references at CitEc
Citations View citations in EconPapers (28) Track citations by RSS feed

Downloads: (external link)
http://links.jstor.org/sici?sici=0033-5533%2819900 ... O%3B2-M&origin=repec full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

Related works:
Working Paper: Rince Preferences (1989)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:tpr:qjecon:v:105:y:1990:i:1:p:43-60

Ordering information: This journal article can be ordered from
http://mitpress.mit. ... me.tcl?issn=00335533

Access Statistics for this article

The Quarterly Journal of Economics is edited by Robert J. Barro, Edward L. Glaeser and Lawrence F. Katz

More articles in The Quarterly Journal of Economics from MIT Press
Series data maintained by Karie Kirkpatrick ().