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Monotonicity and the Roy Model

Chevalier, Arnaud (author)
Institute for the Study of Social Change, University College Dublin, and Center for Economics of Education, London School of Economics, UK
Lanot, Gauthier, 1965- (author)
School of Management and Economics, Queen's University, Belfast, UK
 (creator_code:org_t)
John Wiley & Sons, 2004
2004
English.
In: Manchester School. - : John Wiley & Sons. - 1463-6786 .- 1467-9957. ; 72:4, s. 560-567
  • Journal article (peer-reviewed)
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  • 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.

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SAMHÄLLSVETENSKAP  -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
SOCIAL SCIENCES  -- Economics and Business -- Economics (hsv//eng)

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