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Samuelson approached the problems of applying individual utility maximization over aggregate groups with comparative statics, which compares two different equilibrium states after an exogenous change in a variable.
This was a comparative statics exercise.
Third, we provide general comparative statics results.
Some comparative statics results are also provided.
Moreover, some comparative statics are presented.
Then it struck me: he doesn't understand that Wren-Lewis and I were doing comparative statics.
The great problems of capital theory are dynamic in character, and comparative statics throws only a dim light on them.
We fully characterize the optimal contract scheme and provide other comparative statics.
Our model generates intuitive comparative statics that describe the optimal expansiveness or restrictiveness of equity.
We demonstrate the effect of model parameters through comparative statics analysis.
Detailed comparative statics provide a thorough analysis of optimal hedging pay-off functions.
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