Constant relative risk aversion and form equivalence classes

Harald L. Battermann, Udo Broll and Jack E. Wahl

No 345, Discussion Papers, Series II from University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy"

Abstract: We derive a class of utility functions that are equivalent with respect to a well-defined functional form. We apply a general view of constant relative risk aversion to investigate on different equivalence relations. Then we compare our results with standard applications in economics and finance.

Keywords: risk aversion; equivalence class; utility theory (search for similar items in EconPapers)
JEL-codes: D11 D81 G11 (search for similar items in EconPapers)
Date: 1997
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:kondp2:345

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