Testing for bivariate stochastic dominance using inequality restrictions

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.

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Year of publication:	2012
Authors:	Stengos, Thanasis ; Thompson, Brennan S.
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 115.2012, 1, p. 60-62
Publisher:	Elsevier
Subject:	Stochastic dominance \| Inequality restrictions \| Multidimensional welfare

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Type of publication:	Article
Classification:	C12 - Hypothesis Testing ; I3 - Welfare and Poverty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010572172