Envelope theorem

The Envelope theorem is a result about the differentiability properties of the objective 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.

单词	Envelope theorem
释义	Envelope theorem 英语百科 Envelope theorem The Envelope theorem is a result about the differentiability properties of the objective 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.
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