Comparative statics - Wikipedia
ID: ed375470-a3d0-4915-843a-4987e0b3ad3a ROAM_REFS: https://en.wikipedia.org/wiki/Comparative_statics REVIEW_SCORE: 0.0 MTIME: [2024-12-25 Wed 15:54]
In economics, comparative statics is the comparison of two different economic outcomes, before and after a change in some underlying exogenous parameter.[1]
As a type of static analysis it compares two different equilibrium states, after the process of adjustment (if any). It does not study the motion towards equilibrium, nor the process of the change itself.
This node is a singleton!