Browsing Department of Economics by Subject "stochastic dominance"

Now showing items 1-2 of 2

    • Consistent and Asymptotically Unbiased MinP Tests of Multiple Inequality Moment Restrictions 
      Bennett, Christopher J. (Vanderbilt University, 2009)
      This paper considers the general problem of testing multiple inequality moment restrictions against an unrestricted alternative. We first introduce a test based on a maximum statistic and show how, via a partially recentered ...
    • Ranking Investment Projects 
      Foster, James E.; Mitra, Tapan (Vanderbilt University, 2001)
      This paper describes conditions under which one investment project dominates a second project in terms of net present value, irrespective of the choice of the discount rate. The resulting partial ordering of projects has ...