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Each individual is identically endowed with units of the consumption good at date 0 and units of the consumption good at date 1. Presume that the distribution of date- 1 endowment conditional on event A occurring second order stochastically dominates the distribution of conditional on event B occurring. Presume that event A and event B are equally likely to occur with strictly positive probability.
In equilibrium is greater than equal to or less than?

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Business Management, Management Studies

Category:- Business Management
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