Characterizing shadow price via Lagrange multiplier for nonsmooth problem

DOI10.1007/s40305-022-00416-6arXiv1905.13622OpenAlexW4224939726MaRDI QIDQ6151006

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Publication date: 9 February 2024

Published in: Journal of the Operations Research Society of China (Search for Journal in Brave)

Full work available at URL: https://arxiv.org/abs/1905.13622

zbMATH Keywords

nonsmooth optimizationLagrange multipliershadow price

Mathematics Subject Classification ID

Nonsmooth analysis (49J52) Microeconomic theory (price theory and economic markets) (91B24)

Cites Work

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• Mathematics in economics: Achievements, difficulties, perspectives
• Concepts of optimality and their uses