The converse envelope theorem
I prove an envelope theorem with a converse: the envelope formula is equivalent to a first-order condition. Like Milgrom and Segal's (2002) envelope theorem, my result requires no structure on the choice set. I use the converse envelope theorem to extend to general outcomes and preferences the...
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| Formato: | Journal article |
| Idioma: | English |
| Publicado em: |
Econometric Society
2022
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