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The unit circle can be specified as the level curve f(x, y) = 1 of the function f(x, y) = x 2 + y 2.Around point A, y can be expressed as a function y(x).In this example this function can be written explicitly as () =; in many cases no such explicit expression exists, but one can still refer to the implicit function y(x).
In economics, comparative statics is the comparison of two different economic outcomes, before and after a change in some underlying exogenous parameter. [ 1 ] As a type of static analysis it compares two different equilibrium states, after the process of adjustment (if any).
Traditionally, comparative results in economics are obtained using the Implicit Function Theorem, an approach that requires the concavity and differentiability of the objective function as well as the interiority and uniqueness of the optimal solution. The methods of monotone comparative statics typically dispense with these assumptions.
An implicit function is a function that is defined by an implicit equation, that relates one of the variables, considered as the value of the function, with the others considered as the arguments. [ 1 ] : 204–206 For example, the equation x 2 + y 2 − 1 = 0 {\displaystyle x^{2}+y^{2}-1=0} of the unit circle defines y as an implicit function ...
For the case when the linear operator (,) is invertible, the implicit function theorem assures that there exists a solution () satisfying the equation ((),) = at least locally close to . In the opposite case, when the linear operator f x ( x , λ ) {\displaystyle f_{x}(x,\lambda )} is non-invertible, the Lyapunov–Schmidt reduction can be ...
The ideas involved in proving this second theorem are largely separate from those used in proving the first. The fundamental aspect of the proof is an implicit function theorem for isometric embeddings. The usual formulations of the implicit function theorem are inapplicable, for technical reasons related to the loss of regularity phenomena.
Trump's penchant for protectionist trade policies is a source of concern for many economists and Wall Street analysts, who worry new tariffs and retaliatory measures by U.S. trade partners could ...
For first-order logic, the theorem states that, given a theory T in the language L' ⊇ L and a formula φ in L', then the following are equivalent: for any two models A and B of T such that A|L = B|L (where A|L is the reduct of A to L), it is the case that A ⊨ φ[a] if and only if B ⊨ φ[a] (for all tuples a of A); φ is equivalent modulo ...