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Risk-aversion and the investment-uncertainty relationship: a comment

Saltari, Enrico and Ticchi, Davide Risk-aversion and the investment-uncertainty relationship: a comment. Journal of economic behavior & organization, 56 (1). 121 - 125. ISSN 0167-2681 (2005)

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This paper shows that the solution of Nakamura's Journal of Economic Behavior and Organization 38 (1999) 357 model is incorrect. We propose an alternative framework that allows us to obtain closed form results on the investment-uncertainty relationship.

Item Type: Article
Identification Number: 10.1016/j.jebo.2003.08.002
Uncontrolled Keywords: Investment; Uncertainty; Risk aversion; Intertemporal substitution
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management
H Social Sciences > HG Finance
Research Area: Economics and Institutional Change
Depositing User: Prof Davide Ticchi
Date Deposited: 09 Aug 2011 07:54
Last Modified: 12 Aug 2011 15:18
URI: http://eprints.imtlucca.it/id/eprint/774

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