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Article
Risk-Aversion and the Investment-Uncertainty Relationship: A Comment
Journal of Economic Behavior & Organization (2005)
  • Enrico Saltari
  • Davide Ticchi, University of Urbino
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.
Keywords
  • Investment,
  • Uncertainty,
  • Risk aversion,
  • Intertemporal substitution
Disciplines
Publication Date
January, 2005
DOI
10.1016/j.jebo.2003.08.002
Citation Information
Enrico Saltari and Davide Ticchi. "Risk-Aversion and the Investment-Uncertainty Relationship: A Comment." Journal of Economic Behavior & Organization, 2005, 56(1), 121-125.