COMPARATIVE STATICS OF EQUILIBRIUM STATES

William Bryant

Chapter 10 in General Equilibrium:Theory and Evidence, 2009, pp 303-355 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:IntroductionSome comparative static approaches and resultsThe basic frameworkStructuring the Jacobian and the shock matrixQualitative comparative staticsSamuelson's ‘correspondence principle’Homotopy methodsWelfare comparative staticsCompetitive perversity, the transfer paradox and manipulation via endowmentsConceptual shortcomings of the transfer paradox and G-manipulationPareto improvements and the correlation between redistribution and welfareInstitutional set-upConsumersThe economyThe main resultConclusion

Keywords: General Equilibrium; Existence; Uniqueness; Stability; Optimality; Comparative Statics; Empirical Implications (search for similar items in EconPapers)
JEL-codes: O30 (search for similar items in EconPapers)
Date: 2009
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