Further results on comparative statics under uncertainty

Yaffa Machnes

Research output: Contribution to journalArticlepeer-review

9 Scopus citations


This note develops conditions for stochastically dominant shifts in a random variable to have a qualitative identifiable effect on a decision variable in two cases: Leland's two-period consumption saving model and Sandmo's model of a firm under uncertainty. In both models, the risk is additive. While the literature focused on mean-preserving spreads, we derive qualitative conclusions in a different group of cases.

Original languageEnglish
Pages (from-to)141-146
Number of pages6
JournalEuropean Journal of Political Economy
Issue number1
StatePublished - Mar 1993


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