This paper shows that the solution of Nakamura’s [Journal of Economic Behavior and Organization 38 (1999) 357] model is incorrect. We propose an alternative framework that allows us to obtain closed form results on the investment-uncertainty relationship.
Risk-Aversion and the Investment-Uncertainty Relationship: A Comment / Saltari, E; Ticchi, Davide. - In: JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION. - ISSN 0167-2681. - 56:(2005), pp. 121-125. [10.1016/j.jebo.2003.08.002]
Risk-Aversion and the Investment-Uncertainty Relationship: A Comment
TICCHI, DAVIDE
2005-01-01
Abstract
This paper shows that the solution of Nakamura’s [Journal of Economic Behavior and Organization 38 (1999) 357] model is incorrect. We propose an alternative framework that allows us to obtain closed form results on the investment-uncertainty relationship.File in questo prodotto:
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