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L'épargne de précaution : une analyse géométrique

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  • Louis Eeckhoudt
  • Henri Sneessens
  • Francis Calcoen

Abstract

[eng] Precautionary saving : a geometric analysis. . In this paper, we develop a geometrical and simple interpretation of precautionary saving. This approach enables us to explain intuitively why risk aversion alone is not sufficient to give rise to precautionary saving. [fre] L'épargne de précaution : une analyse géométrique. . Dans cet article, nous donnons une interprétation géométrique aussi simple que possible du motif de précaution dans la décision d'épargne. Cette interprétation permet de comprendre intuitivement pourquoi l'aversion au risque n 'est pas suffisante pour engendrer une épargne de précaution.

Suggested Citation

  • Louis Eeckhoudt & Henri Sneessens & Francis Calcoen, 1989. "L'épargne de précaution : une analyse géométrique," Revue Économique, Programme National Persée, vol. 40(1), pages 21-34.
    • Handle: RePEc:prs:reveco:reco_0035-2764_1989_num_40_1_409128
    DOI: 10.3406/reco.1989.409128
    Note: DOI:10.3406/reco.1989.409128
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    References listed on IDEAS

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    1. Dionne, G. & Eeckhoudt, L., 1984. "Proportional Risk Aversion, Taxation and Labor Supply Under Uncertainty," Cahiers de recherche 8441, Universite de Montreal, Departement de sciences economiques.
    2. Baron, David P, 1970. "Price Uncertainty, Utility, and Industry Equilibrium in Pure Competition," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 11(3), pages 463-480, October.
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    4. Cropper, M L, 1976. "A State-Preference Approach to the Precautionary Demand for Money," American Economic Review, American Economic Association, vol. 66(3), pages 388-394, June.
    5. Sandmo, Agnar, 1971. "On the Theory of the Competitive Firm under Price Uncertainty," American Economic Review, American Economic Association, vol. 61(1), pages 65-73, March.
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    7. Waud, Roger N, 1975. "Net Outlay Uncertainty and Liquidity Preference as Behavior toward Risk," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 7(4), pages 499-506, November.
    8. Sandmo, Agnar, 1969. "Capital Risk, Consumption, and Portfolio Choice," Econometrica, Econometric Society, vol. 37(4), pages 586-599, October.
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