Ghosal, S. (2011) Complementarity with complete but P-acyclic preferences. Mathematical Social Sciences, 62(2), pp. 120-122. (doi: 10.1016/j.mathsocsci.2011.06.003)
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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.
| Item Type: | Articles |
|---|---|
| Status: | Published |
| Refereed: | Yes |
| Glasgow Author(s) Enlighten ID: | Ghosal, Professor Sayantan |
| Authors: | Ghosal, S. |
| College/School: | College of Social Sciences > Adam Smith Business School > Economics |
| Journal Name: | Mathematical Social Sciences |
| ISSN: | 0165-4896 |
| Published Online: | 26 June 2011 |
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