Comparative Statics, English Auctions, and the Stolper-Samuelson Theorem

Federico Echenique () and Alejandro Manelli
Additional contact information
Alejandro Manelli: Arizona State University

GE, Growth, Math methods from EconWPA

Abstract: Changes in the parameters of an $n$-dimensional system of equations induce changes in its solutions. For a class of such systems, we determine the qualitative change in solutions given certain qualitative changes in parameters. Our methods and results are elementary yet useful. They highlight the existence of a common thread, our ``own effect'' assumption, in formally diverse areas of economics. We discuss several applications; among them, we establish the existence of efficient equilibria in English auctions with interdependent valuations, and a version of the Stolper-Samuelson Theorem for an $n \times n$ trade model.

Keywords: effficient auctions; international trade theory; implicit function theorem (search for similar items in EconPapers)
JEL-codes: C60 D44 F11 (search for similar items in EconPapers)
Date: 2003-09-18
Note: Type of Document - PDF; prepared on Unix; to print on PostScript; pages: 16
View list of references

Downloads: (external link)
http://129.3.20.41/eps/ge/papers/0309/0309005.pdf (application/pdf)

Related works:
Working Paper: Comparative Statics, English Auctions and the Stolper-Samuelson Theorem (2003)
Working Paper: Comparative Statics, English Auctions, and the Stolper-Samuelson Theorem (2003)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpge:0309005

Access Statistics for this paper

More papers in GE, Growth, Math methods from EconWPA
Series data maintained by EconWPA ().