Symmetric Substitution Matrices in Asset Demand Systsems
收藏NBER1980-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w0574
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资源简介：
In this paper, necessary and sufficient conditions for an asset substitution matrix to be symmetric for all distributions of rates of return are derived. It is found that symmetry in this context is essentially equivalent to the proposition that the von Neumann-Morgenstern utility function displays
提供机构：
美国国家经济研究局
创建时间：
1980-10-01
