Differentiability of the value function without interiority assumptions
From MaRDI portal
Publication:840678
DOI10.1016/j.jet.2009.02.006zbMath1195.90092MaRDI QIDQ840678
Juan Pablo Rincón-Zapatero, Manuel S. Santos
Publication date: 14 September 2009
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: http://hdl.handle.net/10016/5580
differentiability; constrained optimization; shadow price; envelope theorem; value and policy functions
90C26: Nonconvex programming, global optimization
91B64: Macroeconomic theory (monetary models, models of taxation)
90C39: Dynamic programming
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