Envelope theorems for static optimization and calculus of variations

DOI10.1016/J.JMAA.2021.125966MaRDI QIDQ2075198zbMATH OpenOpenAlexWikidataFDO

Authors Hasan Yilmaz, Joël Blot

Publication date 14 February 2022

Published in Journal of Mathematical Analysis and Applications (Search for Journal in Brave)

Full work available at URL https://arxiv.org/abs/2108.10571, https://hal-paris1.archives-ouvertes.fr/hal-03323994/file/JB_HY_env_CalVar_23_aout.pdf

zbMATH Keywords

calculus of variationsenvelope theoremstatic optimizationparametrized probleminfinite-dimensional setting

Mathematics Subject Classification ID

Optimality conditions for problems in abstract spaces (49K27) Programming in abstract spaces (90C48) Control/observation systems in abstract spaces (93C25)

Abstract: We establish differentiability properties of the value function of problems of Static Optimization in an abstract infinite dimensional setting and we apply that to problems of Calculus of Variations. We lighten the assumptions of existing results, notably by using G{^a}teaux and Hadamard differentials. Moreover we use recently established Multipliers Rules.

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Cited in

(8)

• Pontryagin principle and envelope theorem
• Envelope Theorems for Arbitrary Choice Sets
• Differentiability of the value function in continuous-time economic models
• The envelope theorem in dynamic optimization
• A nonsmooth approach to envelope theorems
• An infinity of inequality constraints in variational problems
• Envelope theorems in Banach lattices and asset pricing
• Envelope theorems in dynamic programming

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