Journal Article Present Values Playing the Role of Efficiency Prices in the One-Good Growth Model Get access D. Cass, D. Cass Carnegie-Mellon University Search for other works by this author on: Oxford Academic Google Scholar M. E. Yaari M. E. Yaari Hebrew University, Jerusalem Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 38, Issue 3, July 1971, Pages 331–339, https://doi.org/10.2307/2296386 Published: 01 July 1971

Journal Article “The New View of Investment”: Reply Get access E. S. Phelps, E. S. Phelps Yale University Search for other works by this author on: Oxford Academic Google Scholar M. E. Yaari M. E. Yaari Yale University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 78, Issue 1, February 1964, Pages 172–176, https://doi.org/10.2307/1880553 Published: 01 February 1964

[Recently, a partial ordering "more risky than" on the set of distribution functions has been established by several authors. The following problem is investigated in this paper: characterize the maximal elements (efficient points) in the above ordering of a given set X of random variables. For a closed and convex set X of discrete random variables we give an essentially complete characterization of the efficient random variables by means of their systems of efficiency prices.]