Monotone Comparative Statics in General Equilibrium

Under certain conditions on the excess demand function, it is shown that the set of equilibrium prices coincides with the set of maximizers of a potential function. Therefore, monotone comparative statics techniques can be employed to study how equilibrium prices change when there are shocks to the parameters of the model. As a by-product of our analysis, it turns out that the set of equilibrium prices is a convex lattice

MoreLess

Year of publication:	2016
Authors:	Ruscitti, Francesco
Other Persons:	Dubey, Ram Sewak (contributor)
Publisher:	[2016]: [S.l.] : SSRN
Subject:	Allgemeines Gleichgewicht \| General equilibrium \| Gleichgewichtstheorie \| Equilibrium theory

freely available

Full text |

More access options

doi.org

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	1 Online-Ressource (12 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economics Bulletin (2016) Volume 36, Issue 1, pages 187-197 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 6, 2016 erstellt
Other identifiers:	10.2139/ssrn.2653388 [DOI]
Classification:	C65 - Miscellaneous Mathematical Tools ; D50 - General Equilibrium and Disequilibrium. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013003828