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The Creation of Risk Aversion by Imperfect Capital Markets


  • Masson, Robert Tempest


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  • Masson, Robert Tempest, 1972. "The Creation of Risk Aversion by Imperfect Capital Markets," American Economic Review, American Economic Association, vol. 62(1), pages 77-86, March.
  • Handle: RePEc:aea:aecrev:v:62:y:1972:i:1:p:77-86

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    References listed on IDEAS

    1. Darby, Michael R & Karni, Edi, 1973. "Free Competition and the Optimal Amount of Fraud," Journal of Law and Economics, University of Chicago Press, vol. 16(1), pages 67-88, April.
    2. Demsetz, Harold, 1969. "Information and Efficiency: Another Viewpoint," Journal of Law and Economics, University of Chicago Press, vol. 12(1), pages 1-22, April.
    3. Fama, Eugene F & Laffer, Arthur B, 1971. "Information and Capital Markets," The Journal of Business, University of Chicago Press, vol. 44(3), pages 289-298, July.
    4. Gronau, Reuben, 1971. "Information and Frictional Unemployment," American Economic Review, American Economic Association, vol. 61(3), pages 290-301, June.
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    Cited by:

    1. Friedman, Dan & Sunder, Shyam, 2011. "Risky Curves: From Unobservable Utility to Observable Opportunity Sets," Santa Cruz Department of Economics, Working Paper Series qt36q158jt, Department of Economics, UC Santa Cruz.
    2. Travis J. Lybbert & Christopher B. Barrett, 2011. "RiskÔÇÉTaking Behavior In The Presence Of Nonconvex Asset Dynamics," Economic Inquiry, Western Economic Association International, vol. 49(4), pages 982-988, October.
    3. Liverpool-Tasie, Saweda & Olaniyan, Babatunde & Salau, Sheu & Sackey, James, 2010. "A review of fertilizer policy issues in Nigeria:," NSSP working papers 19, International Food Policy Research Institute (IFPRI).
    4. Canaday, Neil & Jaremski, Matthew, 2012. "Legacy, location, and labor: Accounting for racial differences in postbellum cotton production," Explorations in Economic History, Elsevier, vol. 49(3), pages 291-302.
    5. Lybbert, Travis J. & McPeak, John, 2012. "Risk and intertemporal substitution: Livestock portfolios and off-take among Kenyan pastoralists," Journal of Development Economics, Elsevier, vol. 97(2), pages 415-426.
    6. Maart, Syster Christin & Musshoff, Oliver & Ewald, Jorn, 2012. "Ermittlung Der Individuellen Risikoeinstellung: Vergleich Verschiedener Methoden Und Personengruppen," 52nd Annual Conference, Stuttgart, Germany, September 26-28, 2012 137384, German Association of Agricultural Economists (GEWISOLA).
    7. Bardsley, Peter & Harris, Michael, 1987. "An Approach To The Econometric Estimation Of Attitudes To Risk In Agriculture," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 31(02), August.

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