Risk-aversely efficient random variables: Characterization and an application to growth under uncertainty

DOI10.1016/0022-0531(84)90058-9zbMath0548.90014OpenAlexW2078264243MaRDI QIDQ799464

Itzhak Zilcha

Publication date: 1984

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(84)90058-9

zbMATH Keywords

competitive pricesmulti-sector optimal growth modeloptimal choicesrisk averse decision-makers

Mathematics Subject Classification ID

Decision theory (91B06) Economic growth models (91B62)

Related Items (4)

Efficiency in economic growth models under uncertainty ⋮ Characterizing the efficient set when preferences are state-dependent ⋮ Risk-aversely efficient random variables: Characterization and an application to growth under uncertainty ⋮ Dynamic efficiency in overlapping generations models with stochastic production

Cites Work

• Unnamed Item
• Risk-aversely efficient random variables: Characterization and an application to growth under uncertainty
• Efficient random variables
• Ordinary convex programs without a duality gap
• A Price Characterization of Efficient Random Variables
• Transversality Condition in a Multi-Sector Economy under Uncertainty
• The Efficiency Analysis of Choices Involving Risk

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