Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Econometrica: Jul, 1983, Volume 51, Issue 4

Price Responsiveness and Market Conditions<971:PRAMC>2.0.CO;2-J
p. 971-980

Michael Braulke

This paper develops a systematic relationship between the price responsiveness of an optimizing agent and the conditions prevailing in its relevant markets. The result rests on a formal comparative statics phenomenon that has a striking similarity to the classical strong LeChatelier principle as well as to the interesting new comparative statics phenomenon established by Edlefsen.

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