haku: @indexterm stochastic dominance / yhteensä: 10
viite: 8 / 10
| Tekijä: | Paulsson, T. Sproule, R. |
| Otsikko: | Stochastically dominating shifts and the competitive firm |
| Lehti: | European Journal of Operational Research
2002 : AUG, VOL. 141:1, p. 107-112 |
| Asiasana: | DECISION THEORY ECONOMICS PRODUCTION STOCHASTIC DOMINANCE |
| Kieli: | eng |
| Tiivistelmä: | The production responses of the competitive firm to stochastically dominating shifts in the distribution of output-price have been the object of much research. In a recent paper, Simpson and Sproule present five sets of sufficient conditions, any one of which may be used to jointly sign the production responses of the competitive firm to first-, second-, and third-order stochastically dominating shifts. This paper demonstrates that one of the conditions outlined in the above mentioned reference is unnecessarily restrictive in the case of the logarithmic and the positive-power utility functions. The paper provides a substantial list of references on this subject. |
SCIMA