While homogeneity restrictions of optimal choice functions are well known in the context of neoclassical economic theory, the existence and implications of "homogeneity-like" restrictions in more ...

Comparative Statics, tracking an optimal or equilibrium value as an exogenous variable changes, ceteris paribus, is the heart of economic analysis. By building models and analyzing the comparative ...

The Southern Economic Journal features original, refereed scholarly articles in all areas of economics as well as contributions on the pedagogy of economics. The journal also contains occasional ...

The authors, leading researchers in the fields of mathematical economics and methodology, present the first comprehensive synthesis of literature on qualitative and other nonparametric techniques, ...

The Baumol-Tobin Cash Management Model of money demand serves as a vehicle with which to demonstrate how to use Microsoft Excel to solve optimization problems and do comparative statics analysis. The ...