학술저널
Comparative Statics on the Left-Side Relatively Weak First-Degree Stochastic Dominance Order and Its Applications
- 서울대학교 경제연구소
- Seoul Journal of Economics
- Seoul Journal of Economics Volume 16 No.1
-
2003.0359 - 69 (10 pages)
- 5
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This paper proposes a new concept of the left-side relatively weak first-degree stochastic dominance (L-RWFSD) order that extends the monotone likelihood ratio (MLR) order and the left-side monotone likelihood ratio (L-MLR) order. We show that this shift is a larger subset of FSD shifts than the MLR shift and the L-MLR shift that derive the same comparative statics results.
Abstract
Ⅰ. Introduction
Ⅱ. The Decision Model and Definitions
Ⅲ. The Comparative Static Analysis
Ⅳ. Concluding Remarks and Applications
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