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	Provedor de dados AgEcon (2) Autor Hennessy, David A. (1) Margolis, Michael (1) Roosen, Jutta (1) Shogren, Jason F. (1) Palavra-chave Affiliation (2) Auction (2) C9 (1) D44 (1) Experiments (1) Financial Economics (1) Likelihood ratio (1) Order-restricted inference (1) Research Methods/ Statistical Methods (1) Stochastic order (1) Valuation (1) Mais... Tipo do documento Working or Discussion Paper (2) Ano 2003 (2) País United States (2) Idioma Inglês (2)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 2 Primeira ... 1 ... Última TESTING FOR THE MONOTONE LIKELIHOOD RATIO ASSUMPTION AgEcon Roosen, Jutta; Hennessy, David A.. Monotonicity of the likelihood ratio for conditioned densities is a common technical assumption in economic models. But we have found no empirical tests for its plausibility. This paper develops such a test based on the theory of order-restricted inference, which is robust with respect to the correlation structure of the distributions being compared. We apply the test to study the technology revealed by agricultural production experiments. For the data under scrutiny, the results support the assumption of the monotone likelihood ratio. In a second application, we find some support for the assumption of affiliation among bids cast in a multiple-round Vickrey auction for a consumption good. Tipo: Working or Discussion Paper Palavras-chave: Affiliation; Auction; Likelihood ratio; Order-restricted inference; Stochastic order; Research Methods/ Statistical Methods. Ano: 2003 URL: http://purl.umn.edu/18398 Implementing the Efficient Auction: Initial Results from the Lab AgEcon Margolis, Michael; Shogren, Jason F.. The efficient auction is designed to induce truthful bidding for bidders with affiliated values. Herein we implement the auction in the lab, and observe that inexperienced people can bid systematically in this more complex environment, albeit yielding a flatter bid function than the truthful one. Tipo: Working or Discussion Paper Palavras-chave: Auction; Affiliation; Experiments; Valuation; Financial Economics; C9; D44. Ano: 2003 URL: http://purl.umn.edu/10733 Registros recuperados: 2 Primeira ... 1 ... Última

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