Studies in the Economics of Uncertainty
In Honor of Josef Hadar
Published on 21. October 2011
Book
Paperback/Softback
VIII, 231 pages
978-1-4613-8924-8 (ISBN)
Description
Studies in the Economics of Uncertainty
presents some new developments in the economics of uncertainty produced by leading scholars in the field. The contributions to this Festschrift in honor of Professor Josef Hadar of Southern Methodist University cover a broad range of topics centered on the principle of Stochastic Dominance. Topics covered range from theoretical and statistical developments on Stochastic Dominance to new applications of the Stochastic Dominance Theory. The intended audience includes researchers interested in recent developments in tools used for decision-making under uncertainty as well as economists currently applying Stochastic Dominance principles to the analysis of the Theory of Firm, International Trade, and the Theory of Finance.
More details
Edition
Softcover reprint of the original 1st ed. 1989
Language
English
Place of publication
New York
United States
Target group
Professional and scholarly
Research
Illustrations
VIII, 231 p.
Dimensions
Height: 235 mm
Width: 155 mm
Thickness: 14 mm
Weight
376 gr
ISBN-13
978-1-4613-8924-8 (9781461389248)
DOI
10.1007/978-1-4613-8922-4
Schweitzer Classification
Other editions
Additional editions
E-Book
12/2012
Springer
€96.29
Available for download
Book
07/1989
Springer
€85.55
Article exhausted; check different version
Content
I: Theory.- Stochastic Dominance in Nonlinear Utility Theory.- The "Comparative Statics" of the Shackle-Vickers Approach to Decision-Making in Ignorance.- Stochastic Dominance and Transformations of Random Variables.- Representative Sets for Stochastic Dominance Rules.- Stochastic Dominance for the Class of Completely Monotonic Utility Functions.- II: Estimation and Testing.- The Stochastic Dominance Estimation of Default Probability.- Testing for Stochastic Dominance.- III: Applications.- Insurance and the Value of Publicly Available Information.- Vertical Transactions under Uncertainty.- Optimal Tariffs and Quotas under Uncertain International Transfer.- Investment, Capital Structure and Cost of Capital: Revisited.- Utility Functions, Interest Rates, and the Demand for Bonds.