'Envelope theorem' presentation slideshows

Expenditure Minimization

Expenditure Minimization. Expenditure Minimization. Set up optimization problem. Expenditure Minimization: SOC. The FOC ensure that the optimal consumption bundle is at a tangency.

1.35k views • 34 slides

Econ 805 Advanced Micro Theory 1

324 views • 32 slides

Econ 805 Advanced Micro Theory 1

321 views • 31 slides

Econ 805 Advanced Micro Theory 1

427 views • 28 slides

Econ 805 Advanced Micro Theory 1

289 views • 28 slides

Economics 214

Economics 214. Lecture 38 Constrained Optimization. Interpreting Lagrange Multiplier. With our Lagrangian function, we have a new variable, ?, the Lagrange multiplier.

515 views • 14 slides

Economics 2301

Economics 2301. Lecture 38 Constrained Optimization. Interpreting Lagrange Multiplier. With our Lagrangian function, we have a new variable, ?, the Lagrange multiplier.

193 views • 14 slides

The Envelope Theorem

The Envelope Theorem. The envelope theorem concerns how the optimal value for a particular function changes when a parameter of the function changes This is easiest to see by using an example. The Envelope Theorem. Suppose that y is a function of x y = - x 2 + ax

2.28k views • 13 slides

The Envelope Theorem

The Envelope Theorem. The envelope theorem concerns how the optimal value for a particular function changes when a parameter of the function changes This is easiest to see by using an example. The Envelope Theorem. Suppose that y is a function of x y = - x 2 + ax

215 views • 13 slides

The Paradigm of Consumer Behavior

238 views • 10 slides

Economics D10-1: Lecture 6

Economics D10-1: Lecture 6. The Envelope Theorem, Duality, and Consumer Theory: A One Line Proof of the Slutsky Theorem. The logic of the duality to consumer theory:. The Envelope Theorem is used to establish the Derivative Property for value functions in optimizing systems

313 views • 9 slides