Title of article :
A note on Lagrange multipliers in the multiple constraint case
Author/Authors :
Manuel Besada، نويسنده , , Miguel Mir?s، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2002
Pages :
5
From page :
141
To page :
145
Abstract :
The well known reciprocal relationship among the Lagrange multiplier of the utility maximization problem subject to the budget constraint and the associated cost minimization problem has been recently extended to the multiple constraint case. A ‘dual’ minimization problem is attached to every constraint of the primal with the corresponding multipliers satisfying a reciprocal relationship. In general, the optimal solutions of the primal and dual problems are not the same. We prove that a maximum of the primal problem, that satisfies the second order sufficient conditions, is an extreme point of every dual problem. Furthermore, only when all the primal multipliers are strictly positive, the primal maximum is a minimum for all the dual problems.
Keywords :
Lagrange multipliers , Multiple constraints , Dual problems
Journal title :
Economics Letters
Serial Year :
2002
Journal title :
Economics Letters
Record number :
434913
Link To Document :
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