The Flexible Three Parameter Utility Function

Denis Conniffe

Annals of Economics and Finance, 2007, vol. 8, issue 1, 57-63

Abstract: This brief paper introduces a flexible three parameter utility function, the FTP, which has a reasonably simple mathematical expression. It can be seen as a generalisation of the PRA utility function of Xie (2000), but it is more flexible. It encompasses other systems of utility functions including the HARA family and it can incorporate properties such as subsistence and saturation.

Keywords: Risk aversion properties; FTP utility functions (search for similar items in EconPapers)
JEL-codes: B41 C60 (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:cuf:journl:y:2007:v:8:i:1:p:57-63

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