### Abstract

Under certain conditions on the excess demand function, it is shown that the set of equilibrium prices coincides with the set of maximizers of a potential function. Therefore, monotone comparative statics techniques can be employed to study how equilibrium prices change when there are shocks to the parameters of the model. As a by-product of our analysis, it turns out that the set of equilibrium prices is a convex lattice.

Original language | English |
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Pages (from-to) | 187-197 |

Number of pages | 11 |

Journal | Economics Bulletin |

Volume | 36 |

Issue number | 1 |

State | Published - 1 Jan 2016 |

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## Cite this

Ruscitti, F., & Sewak Dubey, R. (2016). Monotone comparative statics in general equilibrium.

*Economics Bulletin*,*36*(1), 187-197.