Econometric Analysis of Stochastic Dominance

Concepts, Methods, Tools, and Applications

Yoon-Jae Whang author

Format:Hardback

Publisher:Cambridge University Press

Published:31st Jan '19

Currently unavailable, and unfortunately no date known when it will be back

Econometric Analysis of Stochastic Dominance cover

Provides a comprehensive analysis of stochastic dominance through coverage of concepts, methods of estimation, inferential tools, and applications.

Stochastic dominance is a fundamental concept used heavily in various fields of science such as economics, finance, insurance, medicine, and statistics. This book examines stochastic dominance in a unified framework, focusing on inferential methods and foundations. It will appeal to graduate students, academic researchers, and professionals.This book offers an up-to-date, comprehensive coverage of stochastic dominance and its related concepts in a unified framework. A method for ordering probability distributions, stochastic dominance has grown in importance recently as a way to measure comparisons in welfare economics, inequality studies, health economics, insurance wages, and trade patterns. Whang pays particular attention to inferential methods and applications, citing and summarizing various empirical studies in order to relate the econometric methods with real applications and using computer codes to enable the practical implementation of these methods. Intuitive explanations throughout the book ensure that readers understand the basic technical tools of stochastic dominance.

ISBN: 9781108472791

Dimensions: 235mm x 157mm x 20mm

Weight: 520g

278 pages