An alternative estimation method for the OCE model

Yoshiko Kuwahara and Yasushi Ohkusa

Applied Economics Letters, 1996, vol. 3, issue 8, 501-503

Abstract: We provide an alternative estimation method which can be used to estimate the coefficient of intertemporal substitution and risk aversion separately, without assuming log-normal distribution or using a social market portfolio. We find the two parameters are significantly positive. This finding is the first case in this field.

Date: 1996
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DOI: 10.1080/135048596356113

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