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Persistent link: https://www.econbiz.de/10011336827
We derive envelope theorems for optimization problems in which the value function takes values in a general Banach lattice, and not necessarily in the real line. We impose no restriction whatsoever on the choice set. Our result extend therefore the ones of Milgrom and Segal (2002). We apply our...
Persistent link: https://www.econbiz.de/10014182437