Beneficial Changes in Random Variables Under Multiple Sources of Risk and Their Comparative Statics*

BLACK, J. M. and G. BULKLEY [1989]: ?A Ratio Criterion for Signing the Effects of an Increase in Uncertainty,?International Economic Review, 30 (February 1989), 119?130.

CHENG, H., M. MAGILL, and W. SHAFER [1987]: ?Some Results on Comparative Statics Under Uncertainty,?International Economic Review, 28 (June 1987), 493?507.

DIONNE, G., L. EECKHOUDT, and C. COLLIER [1990]: ?Increases in Risk and Linear Payoffs,? working paper, University of Montreal, Quebec, Canada.

DOHERTY, N. and H. SCHLESINGER [1983]: ?Optimal Insurance in Incomplete Markets,?Journal of Political Economy, 91 (December 1983), 1045?1054.

DOHERTY, N. and H. SCHLESINGER [1986]: ?A Note on Risk Premiums with Random Initial Wealth,?Insurance: Mathematics and Economics, 5, 183?185.

EECKHOUDT, L. and M. KIMBALL [1991]: ?Background Risk, Prudence and the Demand for Insurance,? in G. Dionne (ed.),Contributions to Insurance Economics, Kluwer Academic Publishers.

HADAR, J. AND W. RUSSELL [1969]: ?Rules For Ordering Uncertain Prospects,?American Economic Review, 59 (March 1969), 25?34.

HADAR, J. and T. K. SEO [1990]: ?The Effects of Shifts in a Return Distribution on Optimal Portfolios,?International Economic Review, 31 (August 1990), 721?736.

KIMBALL, M. S. [1991]: ?Standard Risk Aversion,? working paper, University of Michigan, August, 1991.

MEYER, J. and M. B. ORMISTON [1985]: ?Strong Increases in Risk and Their Comparative Statics,?International Economic Review, 26 (June 1985), 425?437.

MEYER, J. [1989]: ?Stochastic Dominance and Transformations of Random Variables,? inStudies in the Economics of Uncertainty, Fomby, T. B. and T. K. Seo, editors, Springer Verlag.

MEYER, J. and M. B. ORMISTON [1989]: ?Deterministic Transformations of Random Variables and the Comparative Statics of Risk,?Journal of Risk and Uncertainty, 2 (June 1989), 179?188.

MEYER, J. and M. B. ORMISTON [1991]: ?The Effects of Transformations of Returns on Optimal Portfolios: The Case of Stochastically Dependent Returns,? working paper, Department of Economics, Michigan State University.

OI, W. [1961]: ?The Desirability of Price Instability Under Perfect Competition,?Econometrica, 29 (January 1961), 58?64.

ROTHSCHILD, M. and J. STIGLITZ [1970]: ?Increasing Risk 1: A Definition,?Journal of Economic Theory, 2 (September 1970), 225?243.

ROTHSCHILD, M. and J. STIGLITZ [1971]: ?Increasing Risk II: Its Economic Consequences,?Journal of Economic Theory, 3 (March 1971), 66?84.

SANDMO, A. [1970]: ?The Effect of Uncertainty on Saving Decisions,?Review of Economic Studies, 37 (July 1970), 353?360.

SANDMO, A. [1971]: ?On the Theory of the Competitive Firm Under Price Uncertainty,?American Economic Review, 61 (March 1971), 65?73.

SCHLESINGER, H. and N. DOHERTY [1985]: ?Incomplete Markets for Insurance: An Overview,?The Journal of Risk and Insurance, 52 (September 1985), 402?423.