Comparative statics with adjustment costs and the Le Chatelier principle

Comparative statics with adjustment costs and the Le Chatelier principle

We develop a theory of monotone comparative statics for models with adjustment costs. We show that comparative-statics conclusions may be drawn under the usual ordinal complementarity assumptions on the objective function, assuming very little about costs: only a mild monotonicity condition is requi...

書誌詳細
主要な著者:	Dekel, E, Quah, JK-H, Sinander, L
フォーマット:	Journal article
言語:	English
出版事項:	Econometric Society 2024

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