Economics Dictionary of ArgumentsHome
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| Envelope Function - Economics Dictionary of Arguments | |||
| Envelope Function: In economics, an Envelope Function often refers to the value function of an optimization problem. The Envelope Theorem then describes how this optimized value changes when a parameter of the problem changes. It's a shortcut the derivative of the optimal value with respect to a parameter is simply the partial derivative of the original objective function with respect to that parameter, evaluated at the optimal choices. See also Optimization._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
| Author | Item | More concepts for author | |
|---|---|---|---|
| Feenstra, Robert C. | Envelope Function | Feenstra, Robert C. | |
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Authors A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Concepts A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Ed. Martin Schulz, access date 2026-06-09 | |||
