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Monotone Comparative Statics
Abstract
The authors derive a necessary and sufficient condition for the solution set of an optimization problem to be monotonic in the parameters of the problem. In addition, they develop practical methods for checking the condition and demonstrate its applications to the classical theories of the competitive firm, the monopolist, the Bertrand oligopolist, consumer and growth theory, game theory, and general equilibrium analysis. Copyright 1994 by The Econometric Society.
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Citations
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Metadata
- Authors
- Milgrom, P., & Shannon, C.
- Venue
- Econometrica
- Publisher
- JSTOR
- Published
- 1994-01
- Volume
- 62
- Issue
- 1
- Pages
- 157
- ISSN
- 0012-9682 (ISSN-L)
- OpenAlex
- W2045665199
- Cited by
- 1,563
- References
- 0
- FWCI
- 62.49
- Type
- journal article
- Language
- en
- Open access
- closed
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- CoChat. (2026). Citation check: Monotone Comparative Statics. https://app.cochat.ai/papers/10.2307/2951479
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- Milgrom, P., & Shannon, C. (1994). Monotone Comparative Statics. Econometrica. https://doi.org/10.2307/2951479
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
