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Isoelastic utility

Known as: Power utility function, CRRA, Isoelastic utility function 
In economics, the isoelastic function for utility, also known as the isoelastic utility function, or power utility function is used to express… 
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Related topics

Related topics

4 relations
Exponential utilityHyperbolic absolute risk aversionRisk aversionUtility

Papers overview

Semantic Scholar uses AI to extract papers important to this topic.
2011
2011
A Contribution to the Economic Theory of Fertility
We show that a non-separable formulation of preferences that allow for a low EIS but a high Elasticity of Intergenerational… 
2010
2010
HOW GOOD ARE PORTFOLIO INSURANCE STRATEGIES
Portfolio insurance strategies are designed to achieve a minimum level of wealth while at the same time participating in upward… 
2006
2006
The measurement of transient poverty: Theory and application to Pakistan
The present paper investigates the measurement of transient poverty when each person's welfare level fluctuates due to exogenous… 
2006
2006
Optimal Asset Allocation Based on Utility Maximization in the Presence of Market Frictions
We develop a model of optimal asset allocation based on a utility framework. This applies to a more general context than the… 
2005
2005
Risk Aversion and Expected Utility Theory: A Field Experiment with Large and Small Stakes
We employ a novel data set to estimate a structural econometric model of the decisions under risk of players in a game show where… 
2001
2001
Who participates in tax amnesties? Self-selection of risk-averse taxpayers
In this paper we model taxpayer participation in an unanticipated tax amnesty which can be entered by paying a fixed amount… 
2000
2000
The Effects of Institutional Investment on CEO Compensation
Institutional investors claim to monitor and influence executive compensation practices in their portfolio companies. Thus… 
2000
2000
SEPARABILITY, AGGREGATION, AND EULER EQUATION ESTIMATION
We derive a seminonparametric utility function containing the constant relative risk aversion (CRRA) function as a special case… 
Highly Cited
1999
Highly Cited
1999
Optimal investment and consumption models with non-linear stock dynamics
Abstract. We study a generalization of the Merton's original problem of optimal consumption and portfolio choice for a single… 
Highly Cited
1998
Highly Cited
1998
Risk Premiums and Benefit Measures for Generalized-Expected-Utility Theories
Standard tools for the analysis of economic problems involving uncertainty, including risk premiums, certainty equivalents and… 
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