search query: @indexterm FIRM (THEORY OF) / total: 191
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| Author: | Topkis, D. |
| Title: | Comparative statics of the firm |
| Journal: | Journal of Economic Theory
1995 : DEC, VOL. 67:2, p. 370-401 |
| Index terms: | STATISTICS FIRM (THEORY OF) ECONOMICS |
| Language: | eng |
| Abstract: | Complementarities arise naturally in diverse models of optimal decision-making in a firm. Theoretical properties of supermodular functions provide a powerful tool for analyzing qualitative properties in such circumstances. This paper considers a general model of the firm and gives sufficient conditions for complementarities to hold and for optional decisions to be monotone with a parameter. A variety of specific models of the firm are shown to satisfy these conditions. Necessary conditions delimit those models of the firm that may exhibit monotone optimal decisions. |
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