Journal article
Supermodularity and Complementarity in Economics: An Elementary Survey
Southern economic journal, Vol.71(3), pp.636-660
01/01/2005
DOI: 10.2307/20062066
Abstract
The literature on supermodular optimization and games is surveyed from the perspective of potential users in economics. This methodology provides a new approach for comparative statics based only on critical assumptions, and allows a general analysis of games with strategic complementarities. The results are presented in a simplified yet rigourous manner, without reference to lattice theory, for the special case of one-dimensional parameter and actions sets, with the emphasis being on wide accessibility. Detailed applications are presented for well-known models of consumer behavior, monopoly pass-through, Bertrand and Cournot competition, strategic R&D, search, and matching. Wherever appropriate, useful tricks for applications and comparative comments are inserted.
Details
- Title: Subtitle
- Supermodularity and Complementarity in Economics: An Elementary Survey
- Creators
- Rabah Amir - University College London
- Resource Type
- Journal article
- Publication Details
- Southern economic journal, Vol.71(3), pp.636-660
- DOI
- 10.2307/20062066
- ISSN
- 0038-4038
- eISSN
- 2325-8012
- Language
- English
- Date published
- 01/01/2005
- Academic Unit
- Economics
- Record Identifier
- 9984380432602771
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