Testing for bivariate stochastic dominance using inequality restrictions

Thanasis Stengos and Brennan Thompson ()

Economics Letters, 2012, vol. 115, issue 1, 60-62

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: Stochastic dominance; Inequality restrictions; Multidimensional welfare (search for similar items in EconPapers)
JEL-codes: C12 I3 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (2)

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Related works:
Working Paper: Testing for Bivariate Stochastic Dominance Using Inequality Restrictions (2011)
Working Paper: Testing for Bivariate Stochastic Dominance Using Inequality Restrictions (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:115:y:2012:i:1:p:60-62

DOI: 10.1016/j.econlet.2011.11.041

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