Comparative statics of degenerate critical points |
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| Affiliation: | 1. Department of Mechanical Engineering, Alagappa Chettiar Government College of Engineering and Technology, Karaikudi, Tamil Nadu, India;2. Department of Aeronautical Engineering, Kumaraguru College of Technology, Coimbatore, Tamil Nadu, India;1. Universitat Autònoma de Barcelona and Barcelona GSE, Dept. Economía e Hist. Económica, Edificio B, 08193 Bellaterra, Barcelona, Spain;2. Graduate School of Economics, Getulio Vargas Foundation-RJ, Praia de Botafogo, 190, 22250-900, Rio de Janeiro, RJ, Brazil;3. Universidade de São Paulo-SP, Dep. de Economia, Av. Prof. Luciano Gualberto, 908, Cidade Universitária, 5508-900, São Paulo, SP, Brazil |
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| Abstract: | The correspondence principle is shown to apply to extremum problems whose Hessian matrix is degenerate, yielding, in principle, additional refutable propositions about economic relationships. |
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