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文章基本信息

  • 标题:Increase in Risk and Comparative Static Analysis
  • 本地全文:下载
  • 作者:Tatsuhiko Nariu ; Hideki Iwaki
  • 期刊名称:The Kyoto Economic Review
  • 印刷版ISSN:1349-6786
  • 电子版ISSN:1349-6778
  • 出版年度:2006
  • 卷号:75
  • 期号:2
  • 页码:151-160
  • DOI:10.11179/ker.75.151
  • 语种:English
  • 出版社:Graduate School of Economics, Kyoto University
  • 摘要:

    In this paper we discuss signing of comparative statics analysis under uncertainty. We define change of risk by a mean preserving simple transformation (abbrev. MPST) of random variables. We show that the signs of the partial derivatives of pay-off functions do not uniquely determine the signs of comparative statics effects of an increase of risk in the sense of MPST.

  • 关键词:comparative statics;MPST (Mean Preserving Simple Transformation);uncertainty
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