Econometrica

Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Home> Publications> Econometrica>Wealth Effects and Slutsky Equations for Assets

Econometrica: Mar, 1975, Volume 43, Issue 2

Wealth Effects and Slutsky Equations for Assets

https://www.jstor.org/stable/1913587
p. 301-304

Thomas W. Epps

Changes in asset prices are shown to produce only substitution effects in a broad class of portfolio-choice models. Wealth effects are identically zero unless the individual's stocks of assets are subject to unanticipated changes.

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December 4, 2024

Update on 2025 Submission and Publication Page Fees at Econometric Society Journals

The Executive Committee of the Econometric Society has approved an increase in the submission fees for papers in Econometrica.  Starting January 1, 2025, the fee for new submissions to Econometrica will be US$125 for regular members and US$50 for student members.
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