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Affiliation and dependence in economic models [PDF]

, 2009
Affiliation has been a prominent assumption in the study of economic models with statistical dependence. Despite its large number of applications, especially in auction theory, affiliation has limitations that are important to be aware of. This paper shows that affiliation is a restrictive condition and the intuition usually given for its adoption may ...
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Using Copulas for Modeling Stochastic Dependence in Power System Uncertainty Analysis

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