When Are Comparative Dynamics Monotone?

B-Tier
Journal: Review of Economic Dynamics
Year: 2003
Volume: 6
Issue: 1
Pages: 1-11

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

A common problem in dynamic economic theory is to determine when an increase in a parameter and/or an initial condition increases the future dynamics of a theoretical economy. This paper provides conditions that are necessary and sufficient for making statements of this type. The result is applicable to situations with a single agent or with many agents in the presence or absence of uncertainty. The result holds for general notions of what it means for a parameter, an initial condition or even the dynamics of a model to be increasing. (Copyright: Elsevier)

Technical Details

RePEc Handle
repec:red:issued:v:6:y:2003:i:1:p:1-11
Journal Field
Macro
Author Count
1
Added to Database
2026-02-02