The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Correspondence Principle

  • Federico Echenique
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_3036

Abstract

The correspondence principle is the relation, which exists in certain economic models, between comparative statics of equilibria and the properties of out-of-equilibrium dynamics.

Keywords

Comparative statics Correspondence principle Monotone models Strategic complementarities Tâtonnement Walrasian general equilibrium 
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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Federico Echenique
    • 1
  1. 1.