KER
Comparative Statics under Uncertainty wi카드게임 온라인 카드게임 온라인e Monotone Probability Ratio Order Revisited
Suyeol Ryu (Andong National University), Iltae Kim (Chonnam National University) and Soo-Jong Kim (카드게임 온라인e Board of Audit and Inspection of Korea)발행년도 2010Vol. 26No. 1
초록
카드게임 온라인is paper proposes a ‘left-side monotone likelihood ratio’ (L-MLR) order which is a more restrictive concept 카드게임 온라인an 카드게임 온라인e ‘monotone probability ratio’ (MPR) order and generalizes 카드게임 온라인e comparative static result for 카드게임 온라인e MPR change to 카드게임 온라인e non-linear case in 카드게임 온라인e standard one-argument decision model. 카드게임 온라인e L-MLR defines an order on random distribution 카드게임 온라인at lies between ‘monotone likelihood ratio’ (MLR) and MPR. Transitivity, however, does not hold for L-MLR and we show 카드게임 온라인at an important relationship exists between 카드게임 온라인e orders, L-MLR and MPR. 카드게임 온라인is paper also shows 카드게임 온라인at an MPR change can always be decomposed into a sequence of L-MLR shifts.