Comparative Statics and Relative Convexity

S-Tier
Journal: Review of Economic Studies
Year: 1990
Volume: 57
Issue: 4
Pages: 699-706

Score contribution per author:

8.043 = (α=2.01 / 1 authors) × 4.0x S-tier

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

Abstract

This paper shows that if the difference of two positive semidefinite matrices is positive semidefinite then the difference of their generalized inverses is negative semidefinite. It uses this to compare comparative static behaviour over feasible sets whose distance functions have Hessians with a positive semidefinite difference. It then interprets this condition in terms of various ideas of the relative convexity of the two sets and relates it to the Le Chatelier principle.

Technical Details

RePEc Handle
repec:oup:restud:v:57:y:1990:i:4:p:699-706.
Journal Field
General
Author Count
1
Added to Database
2026-01-29