The Envelope Theorem in Its Prpper Perspective
DEOS Working Papers from Athens University of Economics and Business
The Envelope Theorem is shown to involve comparaisons between the performance of the optimal policy and that of alternative policies, which satisfy the constraints of the problem and may also have other features.
Keywords: ECONOMIC; THEORY (search for similar items in EconPapers)
JEL-codes: C61 C60 (search for similar items in EconPapers)
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Persistent link: http://EconPapers.repec.org/RePEc:aue:wpaper:116r
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