Monotone comparative statics: changes in preferences versus changes in the feasible set

B-Tier
Journal: Economic Theory
Year: 2013
Volume: 52
Issue: 3
Pages: 1039-1060

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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. Copyright Springer-Verlag 2013

Technical Details

RePEc Handle
repec:spr:joecth:v:52:y:2013:i:3:p:1039-1060
Journal Field
Theory
Author Count
1
Added to Database
2026-01-25