A generalized envelope theorem with an application to congestion-prone facilities

Marvin Kraus

Economics Bulletin, 2002, vol. 3, issue 28, 1-4

Abstract: A generalized envelope theorem is presented which has the Envelope Theorem as a special case. Relative to the Envelope Theorem, it provides greater flexibility in determining the rate of change of a value function with respect to one of its arguments. We revisit a classic result on economies of scale for a congestion-prone facility, using the flexibility of the Generalized Envelope Theorem to provide a simpler, more intuitive proof.

Keywords: congestible; facilities (search for similar items in EconPapers)
JEL-codes: C6 (search for similar items in EconPapers)
Date: 2002-12-04
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Citations: View citations in EconPapers (1)

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