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Cover of Supermodularity and Complementarity

Supermodularity and Complementarity

by Donald M. Topkis

1998 272 pages eng

The economics literature is replete with examples of monotone comparative statics; that is, scenarios where optimal decisions or equilibria in a parameterized collection of models vary monotonically with the parameter. Most of these examples are manifestations of complementarity, with a common expli…

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