Adding one risk to another: generalizing the unavoidable (background) risk
This paper provides a complete generalization of the background risk models. In so doing, first, it relaxes the independence assumption. Second, it adopts a general functional form. Third, it adopts a general type of risk. Furthermore, it introduces a new general form of background risk.
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| Format: | Article |
| Language: | English |
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Universidad del Rosario
2011-01-01
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| Series: | Revista de Economía del Rosario |
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| Online Access: | http://revistas.urosario.edu.co/index.php/economia/article/view/1913 |