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The price augmented risk premium, theory and application

Ercolani, Marco (2000) The price augmented risk premium, theory and application. Working Paper. University of Essex, Department of Economics, Economics Discussion Papers, Colchester.


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This note proposes the Price Augmented Risk Premium (PARP), a decomposition of the multivariage risk premium associated with price and income uncertainty. The PARP is used to measure the likely impact on welfare arising from price fluctuations experienced by UK households over the period 1963-97.

Item Type: Monograph (Working Paper)
Uncontrolled Keywords: multivariate risk premium, uncertainty, welfare.
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences > Economics, Department of
Depositing User: Users 161 not found.
Date Deposited: 28 Aug 2014 15:18
Last Modified: 28 Aug 2014 15:18

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