Chevalier, Arnaud; Lanot, Gauthier - In: Manchester School 72 (2004) 4, pp. 560-567
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...