Decreasing Relative Risk Aversion and Tests of Risk Sharing

Using the International Food Policy Research Institute data for Pakistani households and the International Crops Research Institute of the Semi-Arid Tropics data for Indian households, evidence is found in support of the decreasing relative risk aversion hypothesis, along with evidence favoring the...

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Veröffentlicht in:Econometrica 2001-03, Vol.69 (2), p.515-526
Hauptverfasser: Ogaki, Masao, Zhang, Qiang
Format: Artikel
Sprache:eng
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Zusammenfassung:Using the International Food Policy Research Institute data for Pakistani households and the International Crops Research Institute of the Semi-Arid Tropics data for Indian households, evidence is found in support of the decreasing relative risk aversion hypothesis, along with evidence favoring the full risk-sharing hypothesis at the village level, and evidence against the hypothesis at the inter-village level.
ISSN:0012-9682
1468-0262
DOI:10.1111/1468-0262.00201