Monotone Comparative Statics.

Milgrom, P., & Shannon, C. (1994). Monotone Comparative Statics. Econometrica, 62(1), 157-180.

Type

Journal article

Intellectual base

Primary research

Year

1994

Link

https://www.jstor.org/stable/2951479

Cited from

economics_finance

Cited by

1 citation across 1 artifact.

Each citation links to the sentence it supports in the citing article.

Primes

• Comparative Statics
  • The implicit-function theorem turns "re-solve the entire non-linear system" into "compute a Jacobian and invert it," and the monotone-comparative-statics results turn sign questions into checks of supermodularity that can often be read off the structure of the objective with no optimization at all.

    This sourceEstablishes that monotone comparative-statics conclusions follow from supermodularity and single-crossing (ordinal complementarity) conditions without smoothness or concavity. (

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