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MONOTONE COMPARATIVE STATICS

delete1994-01-01
delete905
PRE
AI
P
Paul Milgrom *
C
Chris Shannon
DOI:10.2307/2951479delete
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Abstract

Abstract

En 中文
We derive a necessary and sufficient condition for the solution set of an optimization problem to be monotonic in the parameters of the problem. In addition, we develop practical methods for checking the condition and demonstrate its applications to the classical theories of the competitive firm, the monopolist, the Bertrand oligopolist, consumer and growth theory, game theory, and general equilibrium analysis.
Keywords:
SUPERMODULAR
QUASISUPERMODULAR
SINGLE CROSSING CONDITION
COMPARATIVE STATICS
STRATEGIC COMPLEMENTS

Journal

Econometrica cover
Econometrica
IF:
7.1
Papers:
3.0K
Citations:
4.3W

Organization

No organization information available