Showing 1 - 10 of 64
classification, re-codified to obtain harmonized data for the Main Industrial Groups and total manufacturing. Size weights were used … weights, based on a four-stage method in which, firstly, the balance Ba,j for question a, firm j, is aggregated in each strata …, using the j-firm employees as weights; in the following stages, the result for each strata is progressively aggregated to …
Persistent link: https://www.econbiz.de/10011112045
A certain spectrum, indexed by a\in[0,\infty], of upper bounds P_a(X;x) on the tail probability P(X\geq x), with P_0(X;x)=P(X\geq x) and P_\infty(X;x) being the best possible exponential upper bound on P(X\geq x), is shown to be stable and monotonic in a, x, and X, where x is a real number and X...
Persistent link: https://www.econbiz.de/10011107455
Leshno and Levy (2002) extend stochastic dominance (SD) theory to almost stochastic dominance (ASD) for {\it most …} decision makers. When comparing any two prospects, Guo, et al.\ (2013) find that there will be ASD relationship even there is …
Persistent link: https://www.econbiz.de/10011107819
This paper evaluates the role of participating in poultry production on household income and rural poverty in Mzimba district, Malawi. The study utilizes cross-sectional farm level household data collected in 2011. The paper computes income-based poverty measures and investigates their...
Persistent link: https://www.econbiz.de/10011109419
This study establishes necessary conditions for Almost Stochastic Dominance criteria of various orders. These conditions take the form of restrictions on algebraic combinations of moments of the probability distributions in question. The relevant set of conditions depends on the relevant order...
Persistent link: https://www.econbiz.de/10011111091
The economic environment for financial institutions has become increasingly risky. Hence these institutions must find ways to manage risk of which one of the most important forms is interest rate risk. In this paper we use the mean-variance (mean-standard deviation) approach to examine a banking...
Persistent link: https://www.econbiz.de/10011112037
This paper studies a dynamic adjustment process in a large society of forward-looking agents where payoffs are given by a normal form supermodular game. The stationary states of the dynamics correspond to the Nash equilibria of the stage game. It is shown that if the stage game has a monotone...
Persistent link: https://www.econbiz.de/10011112753
This paper first extends the theory of almost stochastic dominance (ASD) to the first four orders. We then establish … variance, positive skewness, and smaller kurtosis. This information, in turn, enables decision makers to determine the ASD …
Persistent link: https://www.econbiz.de/10011112992
, investors prefer the one with positive gain, smaller variance and positive skewness. This information, in turn, enables decision …
Persistent link: https://www.econbiz.de/10011113097
The paper examines the partial pro poor orderings for different growth curves and sets of Equally Distributed Equivalent growth rate dominance. A new pro poor growth curve as the of change of Gini social welfare function, based on the quantiles of logarithmic income, has been proposed. It has...
Persistent link: https://www.econbiz.de/10011114539