TY - JOUR
AU - Sinander, Ludvig
AB - Abstract: I prove an envelope theorem with a converse: the envelope formula is equivalent to a first-order condition. Like Milgrom and Segal's (2002) envelope theorem, my result requires no structure on the choice set. I use the converse envelope theorem to extend to abstract outcomes the canonical result in mechanism design that any increasing allocation is implementable, and apply this to selling information.
TI - The converse envelope theorem
JF - Economics
DA - 2019-09-24
UR - https://www.deepdyve.com/lp/arxiv-cornell-university/the-converse-envelope-theorem-NBhEFZXtW0
VL - 2021
IS - 1909
DP - DeepDyve
ER -