A note on the envelope theorem

The purpose of this note is to discuss the envelope relationship between long run and short run cost functions. It compares the usually presented relationship with one of different form and implications, resulting from a simple production function and constant prices. It points out in particular tha...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Economics letters 2017-01, Vol.150, p.77-82
Hauptverfasser:	Dassiou, Xeni, Glycopantis, Dionysius
Format:	Artikel
Sprache:	eng
Schlagworte:	Average cost Corner solutions Economic models Envelope theorem Long run Marginal cost Marginal costs Short run Studies Theorems
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!