Time diversification, liquidity constraints, and decreasing aversion to risk on wealth
AbstractNo abstract is available for this item.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal Journal of Monetary Economics.
Volume (Year): 49 (2002)
Issue (Month): 7 (October)
Contact details of provider:
Web page: http://www.elsevier.com/locate/inca/505566
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Christopher D. Carroll & Miles S. Kimball, 1995.
"On the concavity of the consumption function,"
Finance and Economics Discussion Series
95-10, Board of Governors of the Federal Reserve System (U.S.).
- Arrow, Kenneth J & Lind, Robert C, 1970. "Uncertainty and the Evaluation of Public Investment Decisions," American Economic Review, American Economic Association, vol. 60(3), pages 364-78, June.
- Samuelson, Paul A, 1969. "Lifetime Portfolio Selection by Dynamic Stochastic Programming," The Review of Economics and Statistics, MIT Press, vol. 51(3), pages 239-46, August.
- Gollier, Christian & Pratt, John W, 1996. "Risk Vulnerability and the Tempering Effect of Background Risk," Econometrica, Econometric Society, vol. 64(5), pages 1109-23, September.
- Epstein, Larry G., 1983. "Decreasing absolute risk aversion and utility indices derived from cake-eating problems," Journal of Economic Theory, Elsevier, vol. 29(2), pages 245-264, April.
- Miles S. Kimball, 1990. "Precautionary Saving and the Marginal Propensity to Consume," NBER Working Papers 3403, National Bureau of Economic Research, Inc.
- Pascal St-Amour, 2004. "Ratchet vs Blasé Investors and Asset Markets," CIRANO Working Papers 2004s-11, CIRANO.
- Christian Gollier, 2005.
"Optimal Portfolio Management for Individual Pension Plans,"
CESifo Working Paper Series
1394, CESifo Group Munich.
- Gollier, Christian, 2005. "Optimal Portfolio Management for Individual Pension Plans," IDEI Working Papers 298, Institut d'Économie Industrielle (IDEI), Toulouse.
- Sheryl Ball & Catherine C. Eckel & Maria Heracleous, 2008.
"Risk Aversion and Physical Prowess: Prediction, Choice and Bias,"
e07-11, Virginia Polytechnic Institute and State University, Department of Economics.
- Sheryl Ball & Catherine Eckel & Maria Heracleous, 2010. "Risk aversion and physical prowess: Prediction, choice and bias," Journal of Risk and Uncertainty, Springer, vol. 41(3), pages 167-193, December.
- Jean-Paul Chavas, 2011. "On the microeconomics of diversification under learning," Journal of Economics, Springer, vol. 104(1), pages 25-47, September.
- Hennessy, David A. & Lapan, Harvey E., 2006.
"On the Nature of Certainty Equivalent Functionals,"
Staff General Research Papers
12552, Iowa State University, Department of Economics.
- Binswanger, Johannes, 2012. "Life cycle saving: Insights from the perspective of bounded rationality," European Economic Review, Elsevier, vol. 56(3), pages 605-623.
- Gollier, Christian, 2008.
"Intergenerational risk-sharing and risk-taking of a pension fund,"
Journal of Public Economics,
Elsevier, vol. 92(5-6), pages 1463-1485, June.
- Gollier, Christian, 2007. "Intergenerational Risk-Sharing and Risk-Taking of a Pension Fund," IDEI Working Papers 42, Institut d'Économie Industrielle (IDEI), Toulouse.
- Christian Gollier, 2007. "Intergenerational Risk-Sharing and Risk-Taking of a Pension Fund," CESifo Working Paper Series 1969, CESifo Group Munich.
- Sanchez, Leonardo & Vedenov, Dmitry, 2013. "Can Farmers Savings Accounts be Secured for Extreme Weather Events?," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150566, Agricultural and Applied Economics Association.
- EECKHOUDT, Louis & GOLLIER, Christian & TREICH, Nicolas, .
"Optimal consumption and the timing of the resolution of uncertainty,"
CORE Discussion Papers RP
-1792, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Eeckhoudt, Louis & Gollier, Christian & Treich, Nicolas, 2005. "Optimal consumption and the timing of the resolution of uncertainty," European Economic Review, Elsevier, vol. 49(3), pages 761-773, April.
- Chung, Kee H. & Smith, William T. & Wu, Tao L., 2009. "Time diversification: Definitions and some closed-form solutions," Journal of Banking & Finance, Elsevier, vol. 33(6), pages 1101-1111, June.
- Moore, Kristen S. & Young, Virginia R., 2006. "Optimal insurance in a continuous-time model," Insurance: Mathematics and Economics, Elsevier, vol. 39(1), pages 47-68, August.
- BOBTCHEFF Catherine, 2006. "Optimal Dynamic Management of a Renewable Energy Source under Uncertainty," LERNA Working Papers 06.21.214, LERNA, University of Toulouse.
- Clarke, Daniel & Mahul, Olivier, 2011. "Disaster risk financing and contingent credit : a dynamic analysis," Policy Research Working Paper Series 5693, The World Bank.
- Bali, Turan G. & Demirtas, K. Ozgur & Levy, Haim & Wolf, Avner, 2009. "Bonds versus stocks: Investors' age and risk taking," Journal of Monetary Economics, Elsevier, vol. 56(6), pages 817-830, September.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.