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Sufficient Conditions for Dominance of Simply Related Prospects

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  • Drynan, Ross G.

Abstract

Sufficient conditions for dominance of simply related prospects are developed for newly defined classes of limited-variation-in-risk-parameter utility functions. Necessary and sufficient conditions are given for classes of contant-risk-parameter utility functions. The latter include classes of quadratic, power and exponential utility functions. The conditions can be incorporated into easily implemented procedures for locating efficient prospects.

Suggested Citation

  • Drynan, Ross G., 1987. "Sufficient Conditions for Dominance of Simply Related Prospects," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 55(01), pages 1-12, April.
    • Handle: RePEc:ags:remaae:12308
    DOI: 10.22004/ag.econ.12308
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    References listed on IDEAS

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