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Complementarity with complete but P-acyclic preferences
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Ghosal, Sayantan (2011) Complementarity with complete but P-acyclic preferences. Mathematical Social Sciences, Vol.62 (No.2). pp. 120-122. doi:10.1016/j.mathsocsci.2011.06.003 ISSN 0165-4896.
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Official URL: http://dx.doi.org/10.1016/j.mathsocsci.2011.06.003
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. (C) 2011 Elsevier B.V. All rights reserved.
Item Type: | Journal Article | ||||
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Subjects: | H Social Sciences > HB Economic Theory | ||||
Divisions: | Faculty of Social Sciences > Economics | ||||
Journal or Publication Title: | Mathematical Social Sciences | ||||
Publisher: | Elsevier BV | ||||
ISSN: | 0165-4896 | ||||
Official Date: | 2011 | ||||
Dates: |
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Volume: | Vol.62 | ||||
Number: | No.2 | ||||
Number of Pages: | 3 | ||||
Page Range: | pp. 120-122 | ||||
DOI: | 10.1016/j.mathsocsci.2011.06.003 | ||||
Status: | Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Restricted or Subscription Access |
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