Time Dominance Efficiency Analysis
1981; Wiley; Volume: 36; Issue: 5 Linguagem: Inglês
10.2307/2327297
ISSN1540-6261
Autores Tópico(s)Auction Theory and Applications
ResumoThe Journal of FinanceVolume 36, Issue 5 p. 1023-1033 Article Time Dominance Efficiency Analysis STEINAR EKERN, STEINAR EKERNNorwegian School of Economics and Business Administration, Bergen; and Graduate School of Business Administration, University of California, Berkeley (visiting, 1980/81). The author appreciates the helpful suggestions made by Karl Borch, avind Bhren, Julian Franks, Frystein Gjesdal, Lars Mathiesen, Jack Meyer, and Edwin J. Elton. He also thanks the Institute of Business and Economic Research, University of California, Berkeley, for clerical assistance in preparing this manuscript, as well as the Graduate School of Business Administration, University of California, Berkeley, for its hospitality during his stay as a visiting scholar. The research has been supported by grant NAVF 12.14.51.012.Search for more papers by this author STEINAR EKERN, STEINAR EKERNNorwegian School of Economics and Business Administration, Bergen; and Graduate School of Business Administration, University of California, Berkeley (visiting, 1980/81). The author appreciates the helpful suggestions made by Karl Borch, avind Bhren, Julian Franks, Frystein Gjesdal, Lars Mathiesen, Jack Meyer, and Edwin J. Elton. He also thanks the Institute of Business and Economic Research, University of California, Berkeley, for clerical assistance in preparing this manuscript, as well as the Graduate School of Business Administration, University of California, Berkeley, for its hospitality during his stay as a visiting scholar. The research has been supported by grant NAVF 12.14.51.012.Search for more papers by this author First published: December 1981 https://doi.org/10.1111/j.1540-6261.1981.tb01073.xCitations: 15 Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL ABSTRACT Building on the stochastic dominance framework, time dominance efficiency analysis provides similar rules for a partial ordering of temporal prospects. Time dominance does not require any quantitative information about temporal preferences for screening decision alternatives according to their net present values. A binary time dominance proposition extends recent sufficient conditions and adds necessity. The paper's main contribution is the development of set time dominance. By eliminating binary undominated projects which no one would choose, set time dominance minimizes time efficient sets without imposing further preference assumptions. Citing Literature Volume36, Issue5December 1981Pages 1023-1033 RelatedInformation
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