The study of the local characteristics of equilibrium positions generated by the constrained maximization of some criterion functions (such as utility, profit, cost, etc.) goes back to Antonelli's paper [2] of 1886. Certain local properties have been proved to be particularly fruitful for economic theory since the early works of Slutsky, Hicks, and Samuelson [9]; they have been formulated in terms of a matrix of "compensated" terms and they concern the properties of partial derivatives of the demand function in some neighborhood of the equilibrium. We now discuss this matrix and its applications.
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
7976.
Length: Date of creation: 1977 Date of revision: Publication status: Published in Journal of Mathematical Analysis and Applications no. 2.57(1977): pp. 340-349 Handle: RePEc:pra:mprapa:7976
Find related papers by JEL classification: C68 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Computable General Equilibrium Models B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 C61 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Optimization Techniques; Programming Models; Dynamic Analysis
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Chichilnisky, Graciela & Kalman, Peter J, 1978.
"Comparative Statics of Less Neoclassical Agents,"
International Economic Review,
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 19(1), pages 141-48, February.
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