| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
PORTFOLIO SELECTION UNDER EXPONENTIAL AND QUADRATIC UTILITY
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| Autores: |
Buccola, Steven T.
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| Data: |
2003-12-29
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| Ano: |
1982
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| Palavras-chave: |
Marketing
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| Resumo: |
The production or marketing portfolio that is optimal under the assumption of quadratic utility may or may not be optimal under the assumption of exponential utility. In certain cases, the necessary and sufficient condition for an identical solution is that absolute risk aversion coefficients associated with the two utility functions be the same. In other cases, equality of risk aversion coefficients is a sufficient condition only. A comparison is made between use of exponential and quadratic utility in the analysis of a California farmers marketing problem.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
11831
http://purl.umn.edu/32418
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| Editor: |
AgEcon Search
|
| Relação: |
Western Journal of Agricultural Economics>Volume 07, Number 01, July 1982
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| Formato: |
10
application/pdf
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