Monotonicity and the Roy Model

Arnaud Chevalier and Gauthier Lanot

Manchester School, 2004, vol. 72, issue 4, 560-567

Abstract: In this note we study the implications on a bivariate normal Roy model of two sets of monotonicity hypotheses proposed recently by Manski and Pepper (Econometrica, Vol. 64 (2000), pp. 997–1011). In that simple context, we show that these hypotheses imply strong restrictions on the correlations structure between the decision and the rewards.

Date: 2004
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https://doi.org/10.1111/j.1467-9957.2004.00408.x

Related works:
Working Paper: Monotonicity and the Roy Model (2002)
Working Paper: Monotonicity and the Roy model (2002)
Working Paper: Monotonicity and the Roy Model (2002)
Working Paper: Monotonicity and the Roy Model (2002)
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