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Market Constraints as a Rationale for the Friedman-Savage Utility Function

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  • Appelbaum, Elie
  • Katz, Eliakim

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Bibliographic Info

Article provided by University of Chicago Press in its journal Journal of Political Economy.

Volume (Year): 89 (1981)
Issue (Month): 4 (August)
Pages: 819-25

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Handle: RePEc:ucp:jpolec:v:89:y:1981:i:4:p:819-25

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Web page: http://www.journals.uchicago.edu/JPE/

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References

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  1. Raymond D. Sauer, 1998. "The Economics of Wagering Markets," Journal of Economic Literature, American Economic Association, vol. 36(4), pages 2021-2064, December.
  2. Marshall, John M, 1984. "Gambles and the Shadow Price of Death," American Economic Review, American Economic Association, vol. 74(1), pages 73-86, March.
  3. Dowell, Richard S & McLaren, Keith R, 1986. "An Intertemporal Analysis of the Interdependence between Risk Preference, Retirement, and Work Rate Decisions," Journal of Political Economy, University of Chicago Press, vol. 94(3), pages 667-82, June.
  4. Thomas Crossley & Hamish Low & Sarah Smith, 2011. "Do consumers gamble to convexify?," IFS Working Papers W11/07, Institute for Fiscal Studies.
  5. Katz, Eliakim & Stark, Oded, 1986. "Labor Migration and Risk Aversion in Less Developed Countries," Journal of Labor Economics, University of Chicago Press, vol. 4(1), pages 134-49, January.
  6. Fabella, Raul V., 1990. "Induced global risk preference," Economics Letters, Elsevier, vol. 32(4), pages 313-317, April.
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Cited by:
  1. Elie Appelbaum & Richard G. Harris, 1978. "Imperfect Capital Markets and Life-Cycle Saving," Canadian Journal of Economics, Canadian Economics Association, vol. 11(2), pages 319-24, May.

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