The envelope theorem in dynamic optimization

DOI10.1016/0165-1889(91)90018-VzbMATH Open0733.49019OpenAlexW2043781307MaRDI QIDQ809342FDOQ809342

Jeffrey T. Lafrance, L. Dwayne Barney

Publication date: 1991

Published in: Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0165-1889(91)90018-v

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zbMATH Keywords

dynamic optimizationintertemporal consumptiondynamic envelope theoremnondifferential constraintsoptimal performance function

Mathematics Subject Classification ID

Optimality conditions for problems involving ordinary differential equations (49K15) Economic growth models (91B62) Application models in control theory (93C95)

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Cited In (19)

• The comparative dynamics of closed-loop controls for discounted infinite horizon optimal control problems
• Envelope Theorems for Arbitrary Choice Sets
• Generalized envelope theorems: applications to dynamic programming
• How many cake-eaters? Chouette, on a du monde à dîner !
• Envelope theorems for static optimization and calculus of variations
• The Slutsky matrix and homogeneity in intertemporal consumer theory
• Optimal contracts with random monitoring
• How to do comparative dynamics on the back of an envelope in optimal control theory
• Optimality conditions and comparative statics for horizon and endpoint choices in optimal control theory
• Licensing radical product innovations to speed up the diffusion
• Dynamic Behavior of a Firm Subject to Stochastic Regulatory Review: A Comment
• Economic characterization of reciprocal isoperimetric control problems
• General structural dynamic economic modeling
• Model uncertainty and energy technology policy: the example of induced technical change
• To be, or not to be, that is the question: An empirical study of the WTP for an increased life expectancy at an advanced age
• Envelope Theorems for Multistage Linear Stochastic Optimization
• Long-time behaviour of entropic interpolations
• Envelope theorems in dynamic programming
• The evolution of risk attitudes with fertility thresholds

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