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investigation of a wide variety of model specifications and constraints. Among these we consider monotonicity and convexity of the …
Persistent link: https://www.econbiz.de/10010983484
qualitative nonparametric hypotheses about f such as monotonicity or concavity. These tests are asymptotically optimal and …
Persistent link: https://www.econbiz.de/10010983518
Splines constitute an interesting way to flexibly estimate a nonlinear relationship between several covariates and a response variable using linear regression techniques. The popularity of splines is due to their easy application and hence the low computational costs since their basis functions...
Persistent link: https://www.econbiz.de/10011203034
smaller weight in the same weighted majority game. Failure of a power index to satisfy monotonicity is often considered a … pathological feature. In this paper, we show that monotonicity may fail in the unique subgame perfect equilibrium of a …
Persistent link: https://www.econbiz.de/10010568439
Persistent link: https://www.econbiz.de/10008486614
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both exact and virtual mixed implementation. For exact implementation, we identify a strengthening of Bayesian monotonicity …, which we refer to as mixed Bayesian monotonicity. It is shown that, in economic environments with at least three agents …, mixed Bayesian implementation is equivalent to mixed Bayesian monotonicity, incentive compatibility and closure. For …
Persistent link: https://www.econbiz.de/10008486867
We introduce two new monotonicity properties for core concepts: single-valued solution concepts that always select a …
Persistent link: https://www.econbiz.de/10008643722
examined and its monotonicity is investigated. Some of the results presented here are general and would be useful in studying …
Persistent link: https://www.econbiz.de/10005199476
By building and solving numerical models of the parts supply problems (an example of the adverse selection problems), and analyzing various issues of the contract theory, we demonstrate the benefits of the numerical approach. First, this approach facilitates the understanding of the contract...
Persistent link: https://www.econbiz.de/10010891717