Abstract
This paper studies comparative statics in the consumer utlity maximization problem with two goods. The analysis can be global, and it allows for indivisibilities, discrete changes, and non-binding budget constraints. It does not rely either on topological or convexity assumptions. Instead, it uses lattice programming techniques. The conditions derived are superextremal variant properties on the utility function, in appropriately constructed lattices on the consumption set. Sufficient conditions are given for one or both goods to be normal, for one to be inferior, and for some cases of price effects, using what are called value orders and lattices.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
