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Qualitative Economics and the Scope of the Correspondence Principle

Lowell Bassett, John Maybee and James Quirk
Econometrica
Vol. 36, No. 3/4 (Jul. - Oct., 1968), pp. 544-563
Published by: The Econometric Society
DOI: 10.2307/1909522
Stable URL: http://www.jstor.org/stable/1909522
Page Count: 20
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Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Qualitative Economics and the Scope of the Correspondence Principle
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Abstract

The comparative statics properties of qualitatively specified systems are investigated in two cases: the "purely qualitative" case studied by Lancaster and Gorman, and the case in which the coefficient matrix of the system is assumed to be stable. Samuelson's "correspondence principle" is shown to be of particular importance in the Morishima case, but of less importance when the Morishima conditions are violated.

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