## The American Economic Review, Volume 70American Economic Association., 1980 Includes annual List of doctoral dissertations in political economy in progress in American universities and colleges; and the Hand book of the American Economic Association. |

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**downside risk**from other characteristics of distributions , for example , riskiness . These studies and measures suggest that the intuitive notion of**downside risk**is con- cerned with the " placement " of risk in a distribution . One ...Página 926

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**downside risk**, they must be noncomparable in terms of riskiness . III . Choice - Theoretic Foundations The results of the previous section show that there exists a transform , an MVPT , which unambiguously transfers risk from the right ...Página 928

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**downside risk**averters . 13 Theorem 2 parallels the results obtained by Rothschild and Stiglitz who showed the equivalence of a definition of increasing risk based on mean - preserving spreads to one corresponding ...### Outras edições - Ver tudo

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adjustment Amer AMERICAN ECONOMIC REVIEW analysis assets assumed assumption average behavior coefficient compensating variation consumer consumer's surplus consumption cost curve demand function downside risk Econ effect efficient elasticity equal equation equilibrium equity estimated exchange rate expected farms Figure firm foreign exchange foreign exchange market human capital implies income increase indifference curves industry inflation interest rate investment investors labor force LDCs marginal maximize measure ment mention THE AMERICAN monetary money illusion Nash equilibrium nomic optimal output P₁ paper Pareto optimal percent period Ph.D Phillips curve portfolio problem production profits rate of inflation ratio rational expectations regression regulation relative REVIEW When Writing risk aversion sector spells spot price subsidy Table tariff theory tion tive trade uncertainty unem unemployment University utility function variable wage Writing to Advertisers yields zero