Envelope Theorem
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The envelope theorem is a theorem used in optimisation problems (max & min) in microeconomics. It may be used to prove Hotelling''s lemma, Shephard''s lemma, and Roy''s identity. It also allows for easier computation of comparative statics in generalised economic models. The theorem exists in two versions, a regular version (unconstrained optimisation) and a generalised version (constrained optimisation). The regular version can be obtained from the general version because unconstrained optimisation is just the special case of constrained optimisation with no constraints (or constraints that are always satisfied, i.e. constraints that are identities e.g. 0 = 0 or (x + 1)2 = x2 + 2x + 1.
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GarantieWeitere Informationen
- Allgemeine Informationen
- GTIN 09786131303777
- Editor Lambert M. Surhone, Mariam T. Tennoe, Susan F. Henssonow
- Genre Mathematik
- Anzahl Seiten 76
- Größe H220mm x B220mm
- EAN 9786131303777
- Format Fachbuch
- Titel Envelope Theorem
- Herausgeber Betascript Publishing
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