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Comparative Statics, English Auctions, and the Stolper-Samuelson Theorem

Echenique, Federico and Manelli, Alejandro M. (2003) Comparative Statics, English Auctions, and the Stolper-Samuelson Theorem. Social Science Working Paper, 1178. California Institute of Technology , Pasadena, CA. (Unpublished) https://resolver.caltech.edu/CaltechAUTHORS:20170731-162537566

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Abstract

Changes in the parameters of an n-dimensional system of equations induce changes in its solutions. For a class of such systems, we determine the qualitative change in solutions given certain qualitative changes in parameters. Our methods and results are elementary yet useful. They highlight the existence of a common thread, our "own effect" assumption, in formally diverse areas of economics. We discuss several applications; among them, we establish the existence of efficient equilibria in English auctions with interdependent valuations, and a version of the Stolper-Samuelson Theorem for an nxn trade model.


Item Type:Report or Paper (Working Paper)
ORCID:
AuthorORCID
Echenique, Federico0000-0002-1567-6770
Additional Information:We thank Chris Shannon for comments on a very early version of these results.
Group:Social Science Working Papers
Subject Keywords:Efficient Auctions, International Trade Theory, Implicit Function Theorem
Series Name:Social Science Working Paper
Issue or Number:1178
Classification Code:JEL: C60, D44, F11
Record Number:CaltechAUTHORS:20170731-162537566
Persistent URL:https://resolver.caltech.edu/CaltechAUTHORS:20170731-162537566
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:79638
Collection:CaltechAUTHORS
Deposited By: Jacquelyn Bussone
Deposited On:01 Aug 2017 20:41
Last Modified:26 Nov 2019 11:15

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