A Note on Portfolio Dominance

S-Tier
Journal: Review of Economic Studies
Year: 1997
Volume: 64
Issue: 1
Pages: 147-150

Score contribution per author:

8.043 = (α=2.01 / 1 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In the standard portfolio problem, a shift in the distribution of the risky asset is "portfolio-dominated" if it reduces the demand for the risky asset by all risk-averse agents, irrespective of the risk-free rate. We show that the condition obtained by Landsberger and Meilijson (1993), while necessary, is not sufficient for portfolio dominance and we present an exact necessary and sufficient condition.

Technical Details

RePEc Handle
repec:oup:restud:v:64:y:1997:i:1:p:147-150.
Journal Field
General
Author Count
1
Added to Database
2026-01-25