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. (C) 2003 Elsevier B.V. All rights reserved.
Risk-aversion and the investment-uncertainty relationship: a comment / Saltari, Enrico; Davide, Ticchi. - In: JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION. - ISSN 0167-2681. - 56:1(2005), pp. 121-125. [10.1016/j.jebo.2003.08.002]
Risk-aversion and the investment-uncertainty relationship: a comment
SALTARI, ENRICO;
2005
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. (C) 2003 Elsevier B.V. All rights reserved.File allegati a questo prodotto
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