Decomposing R2 with the Owen value

Frank Hüttner; Marco Sunder

We provide an axiomatization-based justification for applying the Owen value to decompose R2 in OLS models if prior knowledge can be used to form groups of regressor variables. The assumptions made by the axioms are not only plausible with respect to the variables but also clarify the meaning of the exogenous grouping of variables. -- Shapley value ; Owen value ; OLS ; variance decomposition ; German Socio-Economic Panel

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Year of publication:	2011
Authors:	Hüttner, Frank ; Sunder, Marco
Publisher:	Leipzig : Univ., Wirtschaftswissenschaftliche Fakultät
Subject:	Shapley-Wert \| Shapley value \| Regressionsanalyse \| Regression analysis \| Varianzanalyse \| Analysis of variance \| Dekompositionsverfahren \| Decomposition method \| Theorie \| Theory \| Panel \| Panel study \| Deutschland \| Germany

Extent:	Online-Ressource (PDF-Datei: 9 S., 244,17 KB) graph. Darst.
Series:	Arbeitspapiere der Wirtschaftswissenschaftlichen Fakultät. - Leipzig : [Verlag nicht ermittelbar], ISSN 1437-9384, ZDB-ID 2488843-6. - Vol. 100
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzung: Acrobat Reader
Other identifiers:	hdl:10419/52301 [Handle]
Classification:	C20 - Econometric Methods: Single Equation Models. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://ebvufind01.dmz1.zbw.eu/10009315545