Conflicting interests, decomposability, and comparative statics

Global Trade and Conflicting National Interests

Alfred P. Sloan Foundation, a research sponsoring foundation. William J. Baumol has published over 500 articles in various fields of economics. For more on Baumol’s background, see his interview in the Journal of Economic Perspectives (Krueger 2001). Gomory and Baumol also published several companion articles to this book (see for example, Gomory and Baumol 2004). GLOBAL TRADE AND CONFLICTING N...

Conflicting interests in private hospital care.

This article looks at key changes impacting on private hospital care: the increasing corporate ownership of private hospitals; the Commonwealth Government's support for private health; the significant increase in health fund membership; and the contracting arrangements between health funds and private hospitals. The changes highlight the often conflicting interests of hospitals, doctors, Govern...

Carcinogenicity of asbestos: convincing evidence, conflicting interests.

In spite of hard epidemiological and clinical evidence associating asbestos fibre with asbestosis and cancer, the issue is controversial and likely to remain so. The focus is now shifting to non-occupational exposure, differential risk to various asbestos fibre types and the relatively low level of carinogenicity of the chrysotile form. This creates further space for scientific debate and the o...

Robust Comparative Statics

Comparative Statics, Stability, and Uniqueness

Consider an economic model whose equilibrium can be represented as the …xed point of a system of di¤erentiable equations. Using the theory ofB matrices, I show that comparative statics are well-behaved if the interactions between the equations are not too large, and the negative interactions are not too varied. When there are only positive interactions, for example when strategic complements pr...