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

Federico Echenique and Alejandro Manelli

GE, Growth, Math methods from University Library of Munich, Germany

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)
Pages: 16 pages
Date: 2003-09-18
Note: Type of Document - PDF; prepared on Unix; to print on PostScript; pages: 16
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Citations: View citations in EconPapers (1)

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

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