Monotone Comparative Statics under Uncertainty
نویسندگان
چکیده
منابع مشابه
Monotone Comparative Statics under Uncertainty
This paper analyzes monotone comparative statics predictions in several classes of stochastic optimization problems. The main results characterize necessary and sufficient conditions for comparative statics predictions to hold based on properties of primitive functions, that is, utility functions and probability distributions. The results apply when the primitives satisfy one of the following t...
متن کاملMonotone Comparative Statics: Geometric Approach
We consider the comparative statics of solutions to parameterized optimization problems. A geometric method is developed for finding a vector field that, at each point in the parameter space, indicates a direction in which monotone comparative statics obtains. Given such a vector field, we provide sufficient conditions under which the problem can be reparameterized on the parameter space (or a ...
متن کاملMonotone Comparative Statics in Ordered Vector Spaces
This paper considers ordered vector spaces with arbitrary closed cones and establishes a number of characterization results with applications to monotone comparative statics (Topkis (1978), Topkis (1998), Milgrom and Shannon (1994)). By appealing to the fundamental theorem of calculus for the Henstock-Kurzweil integral, we generalize existing results on increasing differences and supermodularit...
متن کاملMonotone Comparative Statics 1 1 Overview
Given an optimization problem indexed by some parameter θ, comparative statics seeks a qualitative understanding of how the solution changes with θ. If, for example, wages decrease, does a firm hire more labor? One way to obtain results of this type is to assume (or use the Implicit Function theorem to establish the existence of) a differentiable solution function, and then, having substituted ...
متن کاملChebyshev's Algebraic Inequality and comparative statics under uncertainty
We apply a non-monotonic version of Chebyshev's Algebraic Inequality in problems of comparative statics under uncertainty. © 2006 Elsevier B.V. All rights reserved.
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: The Quarterly Journal of Economics
سال: 2002
ISSN: 0033-5533,1531-4650
DOI: 10.1162/003355302753399481