Envelope theorem
id:
envelope-theorem-262-15685032
title:
Envelope theorem
text:
In mathematics and economics, the envelope theorem is a major result about the differentiability properties of the value function of a parameterized optimization problem. As we change parameters of the objective, the envelope theorem shows that, in a certain sense, changes in the optimizer of the objective do not contribute to the change in the objective function. The envelope theorem is an important tool for comparative statics of optimization models. The term envelope derives from describing t
brand slug:
wiki
category slug:
encyclopedia
description:
Theorem in mathematics and economics
original url:
https://en.wikipedia.org/wiki/Envelope_theorem
date created:
date modified:
2023-11-22T19:34:07Z
main entity:
{"identifier":"Q2478371","url":"https://www.wikidata.org/entity/Q2478371"}
image:
fields total:
13
integrity:
14