comparative statics

Definitions

Economics

  • noun the analysis of an equilibrium after a determinant has been changed in comparison to the equilibrium which existed before

Health Economics

  • (written as Comparative Statics)
    This is one way of doing economics, which compares states of equilibrium that are predicted to come about in response to shocks to (disturbances in) parameters. The other main way of doing economics is dynamics, in which the focus is on the process of change as people react to disequilibria that arise from such shocks and disturbances.
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