EconPapers    
Economics at your fingertips  
 

Envelopes for economists: an intellectual history

John Yinger

The European Journal of the History of Economic Thought, 2023, vol. 30, issue 2, 206-226

Abstract: All economists know that a long-run average cost curve is the envelope of a family of short-run average cost curves, but many economists do not realise that envelope mathematics can be applied to many other topics. This paper reviews envelope mathematics and describes its intellectual history on several topics, including housing hedonics. The envelope derivations in this paper shed light on the key distinction in many envelopes between movement along a function in the family and equilibrium shifting from one family member to the next and ensure that the functional forms of the family of curves and their envelope are consistent with each other.

Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/09672567.2022.2123543 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:eujhet:v:30:y:2023:i:2:p:206-226

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/REJH20

DOI: 10.1080/09672567.2022.2123543

Access Statistics for this article

The European Journal of the History of Economic Thought is currently edited by José Luís Cardoso

More articles in The European Journal of the History of Economic Thought from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

 
Page updated 2025-03-20
Handle: RePEc:taf:eujhet:v:30:y:2023:i:2:p:206-226