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Keyword: monotonicity;

4 results found.

Econometrics Paper

GLS under monotone heteroskedasticity

Yoichi Arai, Taisuke Otsu and Mengshan Xu

The generalized least square (GLS) is one of the most basic tools in regression analyses. A major issue in implementing the GLS is estimation of the conditional variance function of the error term, which typically requir...Read more...

27 October 2022

Econometrics Paper

TESTING FOR STOCHASTIC MONOTONICITY

Sokbae Lee, Oliver Linton and Yoon-Jae Whang

We propose a test of the hypothesis of stochastic monotonicity. This hypothesis is of interest in many applications. Our test is based on the supremum of a rescaled U-statistic. We show that its asymptotic distribution i...Read more...

August 2006

DARP Paper

Inequality, Welfare and Monotonicity

Yoram Amiel and Frank A Cowell

We establish a general relationship between the standard form of the individualistic social-welfare function and the ?reduced-form? version that is expressed in terms of inequality and mean income. This shows the relatio...Read more...

April 1997

DARP Paper

Monotonicity and the Pareto Principle (Now published in Economics Letters 45 (1994), pp.447-450)

Yoram Amiel and Frank A Cowell

We examine the implications of three similar criteria that are commonly used in welfare economics and the analysis of inequality and poverty - income dominance, monotonicity and the Pareto principle - within the context ...Read more...

October 1993