Diffidence Theorem and State Dependent Preferences
AbstractGollier and Kimball (1994, 1996) have developed a standard technique based on the diffidence theorem. This theorem provides a very simple instrument to solve relatively sophisticated problems when preferences are state independent. The object of this article is to show that their theorem is also very useful to derive significant results with state dependent preferences.
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Bibliographic InfoPaper provided by Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor. in its series Papers with number 9728.
Length: 10 pages
Date of creation: 1997
Date of revision:
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Postal: THEMA, Universite de Paris X-Nanterre, U.F.R. de science economiques, gestion, mathematiques et informatique, 200, avenue de la Republique 92001 Nanterre CEDEX.
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Other versions of this item:
- G. Dionne & M-G. Ingabire, 1997. "Diffidence theorem and state dependent preferences," THEMA Working Papers 97-28, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
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