Friedman and Johnson (1997) show that for a wide range of dynamic optimization problems, supermodularity is both necessary and sufficient for monotone static results. In the present context, this implies that our supermodular model requires the minimum set of assumptions to obtain monotonicity in the optimal decision variables.
2
The evidence presented here needs to be supplemented with information about inter- and intrafamily income transfers. This issue was addressed in a follow-up survey, but analysis of the results is not yet complete.
When Thomas Jefferson referred to the Missouri Compromise he described it as “ fire bell in the night”. This is because he saw it as a pressing matter and he saw this as an emergency since a fire bell at night indicates that there is an emergency.
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I just took both AP micro and macro. I don't think any answer would be more appropriate than suppliers and demanders.
False, they support the text of a picture.
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