Strict monotonicity in comparative statics
成果类型：
Article
署名作者：
Edlin, AS; Shannon, C
署名单位：
University of California System; University of California Berkeley; National Bureau of Economic Research
刊物名称：
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN：
0022-0531
DOI：
10.1006/jeth.1998.2405
发表日期：
1998
页码：
201-219
关键词：
摘要：
Economists commonly seek to show that one variable increases in response to changes in another variable. This paper provides sufficient conditions to draw such strict monotone comparative statics conclusions in optimization problems with and without binding constraints. These results extend the lattice-theoretic results of Milgrom and Shannon [10] by imposing a stronger differential version of the single crossing property and arguing from first-order conditions. We illustrate the importance of these results through applications involving holdup problems, output decisions, optimal tax problems, and modern manufacturing. (C) 1998 Academic Press.