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Comparative Statics on the Left-Side Relatively Weak First-Degree Stochastic Dominance Order and Its Applications

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Authors
Ryu, Suyeol; Kim, Iltae
Issue Date
2003-01
Publisher
Institute of Economic Research, Seoul National University
Citation
Seoul Journal of Economics, Vol.16 No.1, pp. 59-70
Keywords
monotone likelihood ratio orderleft-sideL-MLRFSD
Abstract
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.
ISSN
1225-0279
Language
English
URI
https://hdl.handle.net/10371/1292
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College of Social Sciences (사회과학대학)Institute of Economics Research (경제연구소)Seoul Journal of EconomicsSeoul Journal of Economics vol.16(1) (Spring 2003)
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