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between convexity of a worker's value function and the property of supermodularity. …
Persistent link: https://www.econbiz.de/10005827280
The sum of a supermodular function, assumed nondecreasing in the choice variable, and of a 'concavely supermodularizable' function, assumed nonincreasing in the parameter variable, satisfies the Milgrom-Shannon (1994, Monotone comparative statics, Econometrica 62, 157-180) single crossing...
Persistent link: https://www.econbiz.de/10008625741
Luxembourg. Supermodularity tests provide evidence of the impact of complementary asset management to raise firms’ innovative …
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market structure.  We show that supermodularity holds in many cases but not in all.  Exceptions include FDI (both horizontal …
Persistent link: https://www.econbiz.de/10009393850
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drawn from the Community Innovation Survey (CIS) carried out in 2008 in Luxembourg. Supermodularity tests confirm the …
Persistent link: https://www.econbiz.de/10010789232
Recent empirical studies of firm-level performance have tested complementarity in the case of multiple practices. These papers have drawn conclusions using potentially biased estimates of pair-wise interaction effects. We develop a consistent and simple testing framework and test it against...
Persistent link: https://www.econbiz.de/10010856335
These are additional notes relating to the paper `The Comparative Statics of Constrained Optimization Problems`, which is appearing in Econometrica. It gathers together material present in various earlier versions of the paper, as well as some new material, which are not found in the published...
Persistent link: https://www.econbiz.de/10010820326
simple and rely on rearrangement techniques and the concept of supermodularity. Several applications to insurance are given. …
Persistent link: https://www.econbiz.de/10010706931