Testing for bivariate stochastic dominance using inequality restrictions |
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| Authors: | Thanasis Stengos |
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| Affiliation: | a Department of Economics, University of Guelph, Guelph, Ontario N1G 2W1, Canadab Department of Economics, Ryerson University, Toronto, Ontario M5B 2K3, Canada |
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| Abstract: | We propose a test of bivariate stochastic dominance within a generalized framework for testing inequality restrictions, utilizing the covariance structure of the estimates of the joint distribution functions. Monte Carlo simulations and an empirical example assess its usefulness. |
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| Keywords: | C12 I3 |
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