Monotone Comparative Statics for Models of Politics

نویسندگان

  • Scott Ashworth
  • Ethan Bueno de Mesquita
چکیده

We elucidate a powerful yet simple method for deriving comparative statics conclusions for a wide variety of models: Monotone Comparative Statics (Milgrom and Shannon 1994). Monotone comparative static methods allow researchers to extract robust, substantive empirical implications from formal models that can be tested using ordinal data and simple nonparametric tests. When these methods apply, they can replace a diverse range of more technically difficult mathematics (facilitating richer, more realistic models), assumptions that are hard to understand or justify substantively (highlighting the political intuitions underlying a model’s results), and a complicated set of methods for extracting implications from models. We present an accessible introduction to the central monotone comparative statics results and a series of practical tools for using these techniques in applied models (with reference to original sources, when relevant). Throughout we demonstrate the techniques with examples drawn from political science.

برای دانلود رایگان متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

An Introduction to Monotone Comparative Statics

1. Overview Comparative statics (called sensitivity analysis in engineering fields) means characterizing how the endogenous outcomes of a model change with its exogenous parameters. The " statics " in the name is because one is simply comparing two versions of the model, for two different values of exogenous parameters, rather than tracing out a dynamic process of change. One can do comparative...

متن کامل

Correspondence Principle

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. The Correspondence Principle (CP) implies that one obtains unambiguous comparative statics by selecting equilibria with desirable dynamic properties. Generally, the CP determines comparative statics in models with a o...

متن کامل

Monotone Comparative Statics for Games With Strategic Substitutes

Under some conditions, parameterized games with strategic substitutes exhibit monotone comparative statics of equilibria. These conditions relate to a tradeoff between a direct parameter effect and an opposing, indirect strategic substitute effect. If the indirect effect does not dominate the direct effect, monotone comparative statics of equilibria are guaranteed. These conditions are availabl...

متن کامل

Monotone Comparative Statics: Geometric Approach

We consider the comparative statics of solutions to parameterized optimization problems. A geometric method is developed for finding a vector field that, at each point in the parameter space, indicates a direction in which monotone comparative statics obtains. Given such a vector field, we provide sufficient conditions under which the problem can be reparameterized on the parameter space (or a ...

متن کامل

A Weak Correspondence Principle for Models with Complementarities

I prove that, in models with complementarities, some non-monotone comparative statics must select unstable equilibria; and, under additional regularity conditions, that monotone comparative statics selects stable equilibria. JEL Classification. C61, C62, C72, C73. Discussions with my advisers, Ilya Segal and Chris Shannon, were very important for this work. I am very grateful for their help. I ...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

عنوان ژورنال:

دوره   شماره 

صفحات  -

تاریخ انتشار 2005