Further results on Lagrange multipliers with several binding constraints

  • Caputo M
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Abstract

The Theorem in Weber (Economics Letters 1998;59:71-75) is shown to have more reach than originally recognized. Even with this added bite, the result is relatively weak for economic applications. A new theorem is therefore established that provides an economically important extension of it. © Elsevier Science B.V.

Author-supplied keywords

  • C60
  • C61
  • Lagrange multipliers
  • Reciprocal optimization problems

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Authors

  • Michael R. Caputo

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