Constant Risk Aversion, The Dual Theory, and the Gini Inequality Index
Constant risk aversion means that adding the same constant to all outcomes of two distributions, or multiplaying all their outcomes by the same positive constant, will not change the preformence relation between them. In this paper we prove several representation theorems, where constant risk aversion is combined with some other known axioms to imply specific functional forms.
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|Date of creation:||1997|
|Date of revision:|
|Contact details of provider:|| Postal: Department of Economics, Reference Centre, Social Science Centre, University of Western Ontario, London, Ontario, Canada N6A 5C2|
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Web page: http://economics.uwo.ca/research/research_papers/department_working_papers.html
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