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Title: Increase in Risk and Comparative Static Analysis
Authors: Nariu, Tatsuhiko  kyouindb  KAKEN_id
Iwaki, Hideki
Keywords: comparative statics
MPST (Mean Preserving Simple Transformation)
uncertainty
Issue Date: Dec-2006
Publisher: Graduate School of Economics, Kyoto University
Citation: Tatsuhiko Nariu and Hideki Iwaki; "Increase in Risk and Comparative Static Analysis", The Kyoto Economic Review, Vol. 75, pp.151-160 (2006) .
Journal title: The Kyoto economic review
Volume: 75
Issue: 2
Start page: 151
End page: 160
Abstract: 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.
DOI: 10.11179/ker.75.151
URI: http://hdl.handle.net/2433/65612
Appears in Collections:Vol.75 No.2

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