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Null, nullifying, or dummifying players: The difference between the Shapley value, the equal division value, and the equal surplus division value

Casajus, André; Huettner, Frank - In: Economics Letters 122 (2014) 2, pp. 167-169

We provide new characterisations of the equal surplus division value. This way, the difference between the Shapley value, the equal surplus division value, and the equal division value is pinpointed to one axiom.

Persistent link: https://www.econbiz.de/10010743700

Monotonicity of asset price toward higher changes in risk

Jokung, Octave - In: Economics Letters 118 (2013) 1, pp. 195-198

This note gives the conditions on preferences to guarantee the monotonicity of asset prices when the payoffs of the …

Persistent link: https://www.econbiz.de/10010603100

Anonymity, monotonicity, and limited neutrality: Selecting a single alternative from a binary agenda

Campbell, Donald E.; Kelly, Jerry S. - In: Economics Letters 118 (2013) 1, pp. 10-12

neutrality, anonymity, and monotonicity imply majority rule when the agenda is a two-element set. …

Persistent link: https://www.econbiz.de/10010603133

Co-monotonicity: Toward a utility function capturing envy

Levy, Moshe - In: Economics Letters 114 (2012) 1, pp. 16-19

Envy affects economic decisions, and can lead to monotonicity violation. We introduce co-monotonicity—a generalization … of monotonicity, expected to hold even in the presence of envy. Experimental results and implications for the form of …

Persistent link: https://www.econbiz.de/10011041617

Violating the Monotonicity condition for instrumental variable—Dimorphic patterns of gene–behavior association

Fang, Muriel Zheng - In: Economics Letters 122 (2014) 1, pp. 59-63

–behavior association, and its risk to violate the Monotonicity (no-defiers) condition in applications that use genetic markers as …I document the dimorphic patterns for the association between DAT1 9R9R genotype and measures of risky behaviors …

Persistent link: https://www.econbiz.de/10011041711

Attribute decomposition of multidimensional inequality indices

Kobus, Martyna - In: Economics Letters 117 (2012) 1, pp. 189-191

Inequality indices decomposable by attributes are characterized in the case where association can be ignored. This …

Persistent link: https://www.econbiz.de/10010580473