Multidimensional inequalities and generalized quantile functions

Journal article: In this paper, we extend the generalized Yaari’s dual theory for multidimensional distributions, in the vein of Galichon and Henry’s paper (Galichon and Henry in J Econ Theory 147:1501–1516, 2012). We show how a class of generalized quantiles—which encompasses Galichon and Henry’s one or multivariate quantile transform [see Arjas and Lehtonen (Math Oper Res 3(3):205–223, 1978), O’Brien (Ann Prob 3(1):80–88, 1975) or Ruschendorf (Ann Probab 9(2):276–283, 1981)]—allows to derive a general representation theorem.

Author(s)

Sinem Bas, Philippe Bich, Alain Chateauneuf

Journal
  • Economic Theory
Date of publication
  • 2021
Keywords JEL
D63 D81
Keywords
  • Multidimensional distributions
  • Quantile
  • Inequality
  • Optimal coupling
Pages
  • 375-409
Version
  • 1
Volume
  • 71