Further results on Lagrange multipliers with several binding constraints

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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.

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Caputo, M. R. (2001). Further results on Lagrange multipliers with several binding constraints. Economics Letters, 70(3), 335–340. https://doi.org/10.1016/S0165-1765(00)00390-6

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