Testing for bivariate stochastic dominance using inequality restrictions |
| |
Authors: | Thanasis Stengos |
| |
Affiliation: | a Department of Economics, University of Guelph, Guelph, Ontario N1G 2W1, Canadab Department of Economics, Ryerson University, Toronto, Ontario M5B 2K3, Canada |
| |
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. |
| |
Keywords: | C12 I3 |
本文献已被 ScienceDirect 等数据库收录! |
|