Mixed risk aversion
An increasing number of utility functions have been found to contain a mixture of positive and negative derivatives. This concept of mixed risk aversion means that the functions can be expressed as mixtures of exponential utilities. An analysis of these functions would reveal the existence of mutual aggravation and mutual amelioration of risks when agents are mixed risk averse.
Publication Name: Journal of Economic Theory
Earnings Functions for the Self-Employed
The wages of the self employed are compared to wage and salary employees for less developed countries to determine returns from schooling. For less developed countries the earnings profile appears identical. Occupational choice is significant in determining the returns profile.
Publication Name: The Journal of Development Economics
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