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Some Envelope Theorems for Integer and Discrete Choice Variables

Sah, Raaj Kumar; Zhao, Jingang - 2012

Though the envelope theorem is a widely used tool of applied economic analysis, the standard version of the theorem can only be used if all of the choice variables are assumed to be continuous. This limitation is significant because the natural description of many economic choice variables is as...

Persistent link: https://www.econbiz.de/10014168669