Ercolani, Marco (2000) The price augmented risk premium, theory and application. Working Paper. University of Essex, Department of Economics, Economics Discussion Papers, Colchester.
Ercolani, Marco (2000) The price augmented risk premium, theory and application. Working Paper. University of Essex, Department of Economics, Economics Discussion Papers, Colchester.
Ercolani, Marco (2000) The price augmented risk premium, theory and application. Working Paper. University of Essex, Department of Economics, Economics Discussion Papers, Colchester.
Abstract
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 |
| URI: | http://repository.essex.ac.uk/id/eprint/8830 |
Available files
Filename: dp510.pdf