- Abstract:
-
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 - Publisher copy:
- 10.1111/j.1468-0262.2006.00752.x
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- Journal:
- Econometrica
- Volume:
- 75
- Issue:
- 2
- Publication date:
- 2007-01-01
- DOI:
- URN:
-
uuid:c36d39b3-fd56-43d6-983d-9dee22d3f3f3
- Local pid:
- oai:economics.ouls.ox.ac.uk:12564
- Language:
- English
- Copyright date:
- 2007
Journal article
The Comparative Statics of Constrained Optimization Problems.
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