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Comparative risk aversion: a formal approach with applications to saving behaviors
(2010)Economics Working Paper SeriesWe consider a formal approach to comparative risk aversion and applies it to intertemporal choice models. This allows us to ask whether standard classes of utility functions, such as those inspired by Kihlstrom and Mirman [15], Selden [26], Epstein and Zin [9] and Quiggin [24] are well-ordered in terms of risk aversion. Moreover, opting for this model-free approach allows us to establish new general results on the impact of risk aversion ...Working Paper -
On the public economics of annuities with differential mortality
(2010)Economics Working Paper SeriesWorking Paper