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Monotonicity and the Roy Model
Institute for the Study of Social Change, University College Dublin, and Center for Economics of Education, London School of Economics, UK.
School of Management and Economics, Queen's University, Belfast, UK.ORCID iD: 0000-0001-9244-7018
2004 (English)In: Manchester School, ISSN 1463-6786, E-ISSN 1467-9957, Vol. 72, no 4, 560-567 p.Article in journal (Refereed) Published
Abstract [en]

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.

Place, publisher, year, edition, pages
John Wiley & Sons, 2004. Vol. 72, no 4, 560-567 p.
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Economics
Identifiers
URN: urn:nbn:se:umu:diva-80568DOI: 10.1111/j.1467-9957.2004.00408.xOAI: oai:DiVA.org:umu-80568DiVA: diva2:650415
Available from: 2013-09-20 Created: 2013-09-20 Last updated: 2017-12-06Bibliographically approved

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CiteExportLink to record
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