Comparative Statics, English Auctions and the Stolper-Samuelson Theorem

Federico Echenique and Alejandro Manelli

No 503, Documentos de Trabajo (working papers) from Department of Economics - dECON

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 × n trade model.

JEL-codes: C60 D44 F11 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2003-09
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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https://hdl.handle.net/20.500.12008/1979 (application/pdf)

Related works:
Working Paper: Comparative Statics, English Auctions, and the Stolper-Samuelson Theorem (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:ude:wpaper:0503

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