Gonzalo, Jesús; Olmo, José - Departamento de Economía, Universidad Carlos III de Madrid - 2009
-risk dominance set and define the concept of stochastic dominance under distress. The paper shows the close connection between the … mean-risk dominance set and the stochastic dominance frontier in these situations. The advantage of using stochastic … stochastic dominance under distress makes allowance for testing orders of dominance higher than one, for general forms of …