Strict Monotonicity in Comparative Statics

Strict Monotonicity in Comparative Statics
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比较静力学中的严格单调性

DOI:
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发表时间:
1998
期刊:
影响因子:
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通讯作者:
Chris Shannon
Chris Shannon
中科院分区:
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文献类型:
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作者:
A. Edlin;Chris Shannon

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本文提供了在最优化问题中得出严格单调比较静力结论的充分条件。这些结果扩展了Milgrom和Shannon(1994)的格理论结果,引入了单交叉性质的一个更强的微分版本,并从一阶条件出发。我们通过涉及拖延问题和最优税收问题的例子来说明这些结果的重要性。
This 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.