Envelope Theorem

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This video shows how to obtain the change of the maximum value function when a parameter changes using the Envelope Theorem.
  1. Constantin Bürgi
  2. Envelope Theorem
  3. Maximum Value Function
  4. Lagrange
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Комментарии
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This was the best explanation of this theorem I have found. Thank you so much for your help!

michaelduncan
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Okay this is the first time in my life i understand the envelope theorem together with comparative statics. Thank you so much and i hope you were my econ teacher.

jojoba
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Great video! I have an upcoming econ/math exam and this really helped.

simonlomas
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Really helpful video, thank you!

PS I couldn't help but smile at the charming spelling of "obtain" :). To be fair, English is my first language & everyone I meet laughs at the problems I have with spelling - I try to explain that I'm better with numbers than I am with letters!

dylanparker
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u are awesome explaining, thanks for that!

Anticristo