A note on the correct specification of financial portfolio AIDS models

A note on the correct specification of financial portfolio AIDS models

We derive the theoretical specification of a financial portfolio model that is fully consistent with the AIDS model of Deaton and Muellbauer. This specification differs from previous financial portfolio specifications both in the definitions of wealth and in the nature of the price terms that enter...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:European economic review 1994-05, Vol.38 (5), p.1171-1174
Hauptverfasser: Grimes, Arthur, Wong, Alfred Y-T., Meads, Chris S.
Format: Artikel
Sprache:eng
Schlagworte:
Economic models
Interest rates
Portfolio analysis
Portfolio investments
Portfolio management
Studies
Utility functions
Online-Zugang:Volltext
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
Beschreibung
Zusammenfassung:We derive the theoretical specification of a financial portfolio model that is fully consistent with the AIDS model of Deaton and Muellbauer. This specification differs from previous financial portfolio specifications both in the definitions of wealth and in the nature of the price terms that enter the portfolio share equations.
ISSN:0014-2921
1873-572X
DOI:10.1016/0014-2921(94)90043-4