Sufficient Conditions for Dominance of Simply Related Prospects

Ross G. Drynan

Review of Marketing and Agricultural Economics, 1987, vol. 55, issue 01, 12

Abstract: Sufficient conditions for dominance of simply related prospects are developed for newly defined classes of limited-variation-in-risk-parameter utility functions. Necessary and sufficient conditions are given for classes of contant-risk-parameter utility functions. The latter include classes of quadratic, power and exponential utility functions. The conditions can be incorporated into easily implemented procedures for locating efficient prospects.

Keywords: Research; Methods/Statistical; Methods (search for similar items in EconPapers)
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:ags:remaae:12308

DOI: 10.22004/ag.econ.12308

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