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Global Dependence Stochastic Orders
Authors:Moshe Shaked  Miguel A Sordo  Alfonso Suárez-Llorens
Institution:1. Department of Mathematics, University of Arizona, Tucson, AZ, 85721, USA
2. Departamento de Estad??stica e I.?O., Universidad de C??diz, C/ Duque de N??jera 8, CP, 11002, C??diz, Spain
Abstract:Two basic ideas, that give rise to global dependence stochastic orders, are introduced and studied. The similarities and differences between the resulting global dependence orders, and the known common positive dependence orders, are discussed. Some desirable properties that global dependence orders may expected to satisfy are listed and checked. Three particular global dependence orders, that come up from the two general ideas, are studied in detail. It is shown, among other things, how these orders can be verified. Finally, some applications in auction theory, in reliability theory, and in economics, are described.
Keywords:
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