Complementarity with complete but P-acyclic preferences

Sayantan Ghosal

Mathematical Social Sciences, 2011, vol. 62, issue 2, 120-122

Abstract: This paper extends the formulation of complementarity in Milgrom and Shannon (1994) to the case of complete but P-acyclic preferences. In such a case, quasi-supermodularity and the single-crossing property on their own do not guarantee monotone comparative statics or equilibrium existence: an additional condition, monotone closure, is required.

Date: 2011
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:matsoc:v:62:y:2011:i:2:p:120-122

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