지원사업
학술연구/단체지원/교육 등 연구자 활동을 지속하도록 DBpia가 지원하고 있어요.
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연구자들이 자신의 연구와 전문성을 널리 알리고, 새로운 협력의 기회를 만들 수 있는 네트워킹 공간이에요.
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This paper explores some interesting relationships and properties among the subsets of Rothschild-Stiglitz (R-S) increases in risk. First, the relatively strong increase in risk (RSIR) shift implies the extended strong increase in risk (ESIR) one which, in turn, implies the left-side extended strong increase in risk (L-ESIR) one. Second, the left-side relatively strong increase in risk (L-RSIR) order lies between the RSIR and the L-ESIR one. In addition, we investigate that the ESIR shift can be decomposed into a series of RSIR shifts. It implies that the comparative statics result made for the set of RSIR shifts can be generalized to the set of ESIR shifts. In other words, given two cumulative distribution function (CDF) orders, an arbitrary change in CDF generated by one CDF order can always be decomposed into a series of shifts that satisfy the other CDF order. Then, if the latter order gives a sufficient condition for a general comparative static result, then all shifts that satisfy the former order are also admissible for the result. Therefore, examining the presence of this kind of relationship between CDF orders is meaningful for making a general comparative static statement.
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참고문헌 (12)
참고문헌 신청
Black, J. M / 1989 / A ratio criterion for signing the effect of an increase in uncertainty / International Economic Review 30 : 119 ~ 130
Dionne, G. / 1993 / Increases in risk and linear payoffs / International Economic Review 34 : 309 ~ 319
Dionne, G. / 1993 / Relatively weak increases in risk and their comparative statics / Economics Letters 41 : 269 ~ 272
Hadar, J / 1969 / Rules for ordering uncertainty prospects / American Economic Review 59 : 25 ~ 34
Hanoch, G. / 1969 / Efficiency analysis of choices involving risk / Review of Economic Studies 38 : 335 ~ 346
Dionne, G. / 1993 / Increases in risk and linear payoffs / International Economic Review 34 : 309 ~ 319
Dionne, G. / 1993 / Relatively weak increases in risk and their comparative statics / Economics Letters 41 : 269 ~ 272
Hadar, J / 1969 / Rules for ordering uncertainty prospects / American Economic Review 59 : 25 ~ 34
Hanoch, G. / 1969 / Efficiency analysis of choices involving risk / Review of Economic Studies 38 : 335 ~ 346
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