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Consider an economic model whose equilibrium can be represented as the fixed point of a system of differentiable equations. Using the theory of B-matrices, I show that comparative statics are well-behaved if the interactions between the equations are not too large, and the negative interactions...
Persistent link: https://www.econbiz.de/10011203138
In this paper we take in to considerations some classes of matrices which are generalizations of the class of K-matrices, in the terminology of Fielder and Ptàk (1962). We study the hierarchy and inclusion relations between the classes considered and we point out some economic applications
Persistent link: https://www.econbiz.de/10010842830
Persistent link: https://www.econbiz.de/10013366060