Category: Comparative statics

Monotone comparative statics is a sub-field of comparative statics that focuses on the conditions under which endogenous variables undergo monotone changes (that is, either increasing or decreasing) w

Value and Capital is a book by the British economist John Richard Hicks, published in 1939. It is considered a classic exposition of microeconomic theory. Central results include: * extension of cons

Foundations of Economic Analysis is a book by Paul A. Samuelson published in 1947 (Enlarged ed., 1983) by Harvard University Press. It is based on Samuelson's 1941 doctoral dissertation at Harvard Uni

In economics, comparative statics is the comparison of two different economic outcomes, before and after a change in some underlying exogenous parameter. As a type of static analysis it compares two d

Qualitative economics is the representation and analysis of information about the direction of change (+, -, or 0) in some economic variable(s) as related to change of some other economic variable(s).

In mathematical economics, Topkis's theorem is a result that is useful for establishing comparative statics. The theorem allows researchers to understand how the optimal value for a choice variable ch