S-Space College of Social Sciences (사회과학대학) Institute of Economics Research (경제연구소) Seoul Journal of Economics Seoul Journal of Economics vol.14(1) (Spring 2001)
Comparative Statics under Uncertainty for a Decision Model with Two Choice Variables
- Choi, Gyemyung; Kim, Iltae
- Issue Date
- Seoul Journal of Economics, Vol.14 No.1, pp. 15-30
- This paper considers a class of monotone comparative statics problems that satisfies two distinct kinds of constraints on the decision model, where a single decision-maker has two-dimensional choice set. By using a general model we can present a set of sufficient conditions for the first choice variable to be decreased but the second choice to be increased in response to three types of changes in randomness.