Measuring Price Risk Aversion through Indirect Utility Functions: A Laboratory Experiment

The present paper introduces a theoretical framework through which the degree of risk aversion with respect uncertain prices can be measured through the context of the indirect utility function (IUF) using a lab experiment. First, the paper introduces the main elements of the duality theory (DT) in...

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Bibliographic Details

Published in:	Games
Main Author:	Ali Zeytoon-Nejad
Format:	Article
Language:	English
Published:	MDPI AG 2022-08-01
Subjects:	risk aversion risk attitudes risk premium multiple price list direct utility function indirect utility function
Online Access:	https://www.mdpi.com/2073-4336/13/4/56