Abstract:
This note provides sufficient conditions to draw strict monotone comparative statics conclusions in optimization problems. These results extend the lattice-theoretic results of Milgrom and Shannon (1994) by imposing a stronger differential version of the single crossing property and arguing from first- order conditions. We illustrate the importance of these results through examples involving holdup problems and optimal tax problems.
More papers in Economics Working Papers from University of California at Berkeley Address: University of California at Berkeley, Berkeley, CA USA Contact information at EDIRC. Series data maintained by Christopher F. Baum ().
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