A new proof of the maximum principle |
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| Authors: | Ngo Van Long Koji Shimomura |
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| Affiliation: | (1) Department of Economics, McGill University, 855 Sherbrooke Street West, Montreal, H3A 2T7 Quebec, CANADA (e-mail: ngo.long@mcgill.ca) , CA;(2) Research Institute for Economics and Business Administration, Kobe University, 2-1 Rokkodai-cho, Nada-ku, Kobe, 657-8501 JAPAN (e-mail: simomura@rieb.kobe-u.ac.jp) , JP |
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| Abstract: | Summary. We offer a new proof of the maximum principle, by using the envelope theorem that is frequently used in the standard microeconomic theory. Received: April 11, 2002; revised version: June 26, 2002 Correspondence to: K. Shimomura |
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| Keywords: | and Phrases: Maximum principle Envelope theorem. |
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