Multivariate Discrete First Order Stochastic Dominance

Research output: Working paperResearch

Documents

  • 0723

    Final published version, 168 KB, PDF document

This paper characterizes the principle of first order stochastic dominance in a multivariate discrete setting. We show that a distribution  f first order stochastic dominates distribution g if and only if  f can be obtained from g by iteratively shifting density from one outcome to another that is better. For the bivariate case, we develop the theoretical basis for an algorithmic dominance test that is easy to implement
Original languageEnglish
PublisherDepartment of Economics, University of Copenhagen
Number of pages25
Publication statusPublished - 2007

    Research areas

  • Faculty of Social Sciences - multidimensional first degree distributional dominance, robust poverty gap dominance, majorization, generalized equivalence result

Number of downloads are based on statistics from Google Scholar and www.ku.dk


No data available

ID: 1337736