The Envelope Theorem is shown to involve comparaisons between the performance of the optimal policy and that of alternative policies, which satisfy the constraints of the problem and may also have other features.
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Paper provided by Athens University of Economics and Business, Department of International and European Economic Studies in its series Athens University of Economics and Business with number
116r.
Length: 24 pages Date of creation: 2000 Date of revision: Handle: RePEc:fth:athebu:116r
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