Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/73229 
Authors: 
Year of Publication: 
2002
Series/Report no.: 
Working Paper No. 0211
Publisher: 
Johannes Kepler University of Linz, Department of Economics, Linz
Abstract: 
The class of new worse/better than used in expectation on average (NWUEA/NBUEA) distributions is proposed. It is defined by the requirement that for each age t a weighted average of mean residual lives be greater/smaller than the life expectancy at birth. The weights are the shares of ages up to t in the steady state stock which results from cohorts whose density is to be classified. The NWUEA class has a second order stochastic dominance property whose first order counterpart defines the class of new worse than used in expectation (NWUE) distributions.
Subjects: 
NWUE distribution
stochastic dominance
JEL: 
C41
Document Type: 
Working Paper

Files in This Item:
File
Size
28.33 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.