The Comparative Statics of Constrained Optimization Problems.
This paper develops and applies some new results in the theory of monotone comparative statics. Let f be a real-valued function defined on R[superscript l] and consider the problem of maximizing f(x) when x is constrained to lie in some subset C of R[superscript l]. We develop a natural way to order the constraint sets C and find the corresponding restrictions on the objective function f that guarantee that optimal solutions increase with the constraint set. We apply our techniques to problem...Expand abstract
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