IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Aversions to Impatience, Uncertainty and Illiquidity

Listed author(s):
  • Marie Allard
  • Camille Bronsard
  • Christian Gouriéroux
Registered author(s):

    Edmond Malinvaud has not only fixed the French terminology in Econometrics, Microeconomics, but he has also derived scientific results of prime interest concerning the intertemporal equilibrium or the synthesis between the Walrasian microeconomics and the Keynesian macroeconomics. Malinvaud has also opened new research directions, which are often less known. One of these directions is developed in this paper. Due to their underlying assumptions, the standard concepts of risk aversion and impatience are generally defined separately and represented by scalar measures. This implies many shortcomings, for instance, the risk aversion remain unchanged, whatever type of risk is considered. This paper provides a more complete analysis of aversions, which clearly emphasizes their multidimensionality and the necessity for the measures of risk aversion and impatience aversion to be defined jointly.

    If 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.

    File URL:
    Download Restriction: no

    Article provided by GENES in its journal Annals Of Economics and Statistics.

    Volume (Year): (2017)
    Issue (Month): 125-126 ()
    Pages: 9-39

    in new window

    Handle: RePEc:adr:anecst:y:2017:i:125-126:p:9-39
    Contact details of provider: Postal:
    3, avenue Pierre Larousse, 92245 Malakoff Cedex

    Web page:

    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:adr:anecst:y:2017:i:125-126:p:9-39. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Laurent Linnemer)

    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.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.