Strict Monotonicity in Comparative Statics
AbstractThis note provides sufficient conditions to draw strict monotone comparative statics conclusions in optimization problems. These results extend the lattice-theoretic results of Milgrom and Shannon (1994) 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 examples involving holdup problems and optimal tax problems.
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Bibliographic InfoPaper provided by University of California at Berkeley in its series Economics Working Papers with number 95-238.
Date of creation: 01 Jul 1995
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