Abstract
We use the model presented in the sections II.1, II.2. But A’l — A’3 are replaced by assumptions, which are more appropriate for comparative statics.
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See the footnote on p. 14.
The case where F(L,K) is concave and linearly homogeneous is ruled out by B.1.e. Nevertheless it may be of some interest to see that in this case FLK ≧ O holds. By Euler’s theorem one obtains LFL + KFK = F implying LFLK+ FK+ KFKK = FK or LFLK =-KFKK ≧ O.
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© 1983 Springer-Verlag Berlin Heidelberg
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Müller, H.H. (1983). Comparative Statics. In: Fiscal Policies in a General Equilibrium Model with Persistent Unemployment. Lecture Notes in Economics and Mathematical Systems, vol 216. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-48332-5_11
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DOI: https://doi.org/10.1007/978-3-642-48332-5_11
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-12316-3
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