Monotone comparative statics: changes in preferences versus changes in the feasible set/ created by Nikolai S. Kukushkin

By:

Kukushkin, Nikolai S [author]

Material type: Text

TextSeries: Economic theory ; Volume 52, number 3Berlin: Springer, 2013Content type:

text

Media type:

unmediated

Carrier type:

volume

ISSN:

0938-2259

Subject(s):

LOC classification:

HB119 ECO

Online resources:

Click here to access online

Abstract: Let a preference ordering on a lattice be perturbed. As is well known, single crossing conditions are necessary and sufficient for a monotone reaction of the set of optimal choices from every chain. Actually, there are several interpretations of monotonicity and several corresponding single crossing conditions. We describe restrictions on the preferences that ensure a monotone reaction of the set of optimal choices from every sublattice whenever a perturbation of preferences satisfies the corresponding single crossing condition. Quasisupermodularity is necessary if we want monotonicity in every conceivable sense; otherwise, weaker conditions will do.

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Holdings
Item type	Current library	Call number	Vol info	Copy number	Status	Notes	Date due	Barcode
Journal Article	Main Library - Special Collections	HB119 ECO (Browse shelf(Opens below))	vol. 52, no. 3 (pages 1039-1060)	SP21293	Not for loan	For In house Use
Journal Article	Main Library - Special Collections	HB119 ECO (Browse shelf(Opens below))	Vol. 52, no.3 (pages 1039-1060)	SP21041	Not for loan	For In house Use

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Let a preference ordering on a lattice be perturbed. As is well known, single crossing conditions are necessary and sufficient for a monotone reaction of the set of optimal choices from every chain. Actually, there are several interpretations of monotonicity and several corresponding single crossing conditions. We describe restrictions on the preferences that ensure a monotone reaction of the set of optimal choices from every sublattice whenever a perturbation of preferences satisfies the corresponding single crossing condition. Quasisupermodularity is necessary if we want monotonicity in every conceivable sense; otherwise, weaker conditions will do.

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