Show simple item record

2000-11-01Buch DOI: 10.18452/3414
Hedging the Standard of Living via Cost of Living Index Futures
dc.contributor.authorSchulz, Rainer
dc.date.accessioned2017-06-15T20:54:59Z
dc.date.available2017-06-15T20:54:59Z
dc.date.created2005-09-30
dc.date.issued2000-11-01
dc.identifier.issn1436-1086
dc.identifier.urihttp://edoc.hu-berlin.de/18452/4066
dc.description.abstractPeople dislike inflation because inflation erodes the real value of future nominal income and wealth. Adjustment of future nominal values via a cost of living index is an appropriate way to handle the problem of real income risk. Nonetheless an important aspect needs more discussion: If markets existed in which ’real income risks’ could be traded—would a rational individual always voluntarily purchase protection against such risk? A model is developed to shed some light on this aspect. It shows that the optimal behaviour depends - as expected — on the cost of protection and the risk preferences of the individual.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.subjectCost of Living Indexeng
dc.subjectFutures Marketseng
dc.subject.ddc330 Wirtschaft
dc.titleHedging the Standard of Living via Cost of Living Index Futures
dc.typebook
dc.identifier.urnurn:nbn:de:kobv:11-10048193
dc.identifier.doihttp://dx.doi.org/10.18452/3414
local.edoc.container-titleSonderforschungsbereich 373: Quantification and Simulation of Economic Processes
local.edoc.pages19
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume2000
local.edoc.container-issue93
local.edoc.container-year2000
local.edoc.container-erstkatid2135319-0

Show simple item record