Multivariate Discrete First Order Stochastic Dominance
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Multivariate Discrete First Order Stochastic Dominance. / Tarp, Finn; Østerdal, Lars Peter.
Department of Economics, University of Copenhagen, 2007.Research output: Working paper › Research
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TY - UNPB
T1 - Multivariate Discrete First Order Stochastic Dominance
AU - Tarp, Finn
AU - Østerdal, Lars Peter
N1 - JEL Classification: D63, I32, O15
PY - 2007
Y1 - 2007
N2 - 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
AB - 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
KW - Faculty of Social Sciences
KW - multidimensional first degree distributional dominance
KW - robust poverty gap dominance
KW - majorization
KW - generalized equivalence result
M3 - Working paper
BT - Multivariate Discrete First Order Stochastic Dominance
PB - Department of Economics, University of Copenhagen
ER -
ID: 1337736