@article{f09511c295d6457ab4325c043ae71507,
title = "Characterizing the efficient set when preferences are state-dependent",
abstract = "We consider economic models under uncertainty where risk-averse decision makers must choose from a given set of random variables. This paper develops a price characterization of the set of efficient state-payoff bundles when preferences are risk averse and state dependent. We also show how the set of such efficient bundles varies when different classes of state-dependent utility functions are considered.",
author = "Itzhak Zilcha",
note = "Funding Information: * This research has been supported by the Foerder Institute for Economic Research at Tel-Aviv University and by the National Science Foundation Grant SES-8408670. I would like to thank E. Karni for some helpful discussions and B. Peleg for his comments. I am indebted to an anonymous referee for his comments and suggestions which have significantly improved this work.",
year = "1987",
month = apr,
doi = "10.1016/0022-0531(87)90028-7",
language = "אנגלית",
volume = "41",
pages = "417--423",
journal = "Journal of Economic Theory",
issn = "0022-0531",
publisher = "Academic Press Inc.",
number = "2",
}