Econometrics Seminar | Almost Dominance: Inference and Application by Zhenting Sun
School of Economics
Invites you to a
Econometrics seminar presented by
Almost Dominance: Inference and Application
Wednesday 4 October 2023
2.00pm – 3.30pm
Level 6 Seminar Room (650)
A02 Social Sciences Building
The University of Sydney NSW 2006
This paper proposes a general framework for inference on three types of almost dominances: Almost Lorenz, almost inverse stochastic, and almost stochastic dominances.
We first generalize almost Lorenz dominance to almost upward and downward Lorenz dominances. We then provide an inference procedure for the Lorenz dominance coefficients, which measure the degrees of almost Lorenz dominances. Furthermore, we propose almost upward and downward inverse stochastic dominances and provide inference on the inverse stochastic dominance coefficients. We also show that our results can easily be extended to almost stochastic dominance. Simulation studies demonstrate the finite sample properties of the proposed estimators and the bootstrap confidence intervals. We apply our methods to the inequality growth in the United Kingdom and find evidence for almost upward inverse stochastic dominance.
For further information contact: Econometrics seminar series coordinator Dr Ye Lu (firstname.lastname@example.org)