The Monotonicity of Asset Prices with Changes in Risk
The goal of this paper is the examination of the conditions on preferences to guarantee the monotonicity of asset prices, when their returns change in the sense of first- and second-order stochastic dominances.
|Date of creation:||May 2005|
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|Contact details of provider:|| Web page: http://www.econ.osaka-u.ac.jp/|
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