We propose linear programming tests for spanning and intersection based on stochasticdominance rather than mean-variance analysis. An empirical application investigates thediversification benefits to US investors from emerging equity markets.stochastic dominance;linear programming;emerging markets;intersection;spanning

Post, G.T.

English

Research Papers in Economics

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Spanning and Intersection: a stochastic dominance approach

Spanning and Intersection: a stochastic dominance approach

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