Title of article
The short- and long-run comparative statics of uncertainty
Author/Authors
David A. Hennessy، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 1997
Pages
7
From page
347
To page
353
Abstract
If a two-input stochastic reward function is supermodular, then a first-degree stochastic shift increases both inputs, and the more variable factor is more responsive in the long run. These results hold for second-degree dominance under additional curvature conditions
Keywords
long run , Le Chatelier principle , Superrnodular , Short run
Journal title
Economics Letters
Serial Year
1997
Journal title
Economics Letters
Record number
434343
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