Showing 1 - 10 of 28
Persistent link: https://www.econbiz.de/10001891652
Persistent link: https://www.econbiz.de/10008649436
Persistent link: https://www.econbiz.de/10010190189
Persistent link: https://www.econbiz.de/10009788603
Persistent link: https://www.econbiz.de/10008807601
Persistent link: https://www.econbiz.de/10011447270
Persistent link: https://www.econbiz.de/10011691479
Persistent link: https://www.econbiz.de/10012116366
Stochastic dominance permits a partial ordering of alternatives (probability distributions on consequences) based only on partial information about a decision maker's utility function. Univariate stochastic dominance has been widely studied and applied, with general agreement on classes of...
Persistent link: https://www.econbiz.de/10013144457
We specify a stochastic economy-climate model, adapting Nordhaus' deterministic economy-climate model by allowing for Weitzman-type stochasticity. We show that, under expected power utility, the model is fragile to heavy-tailed distributional assumptions and we derive necessary and sufficient...
Persistent link: https://www.econbiz.de/10014174821