envelope theorem
Croatian translation: Hotellingova teorema
| GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
|---|---|---|---|---|---|---|
|
| 22:44 Jan 19, 2005 |
| English to Croatian translations [PRO] Bus/Financial - Economics | |||||||
|---|---|---|---|---|---|---|---|
|
| ||||||
|  Selected response from: Dragomir Kovacevic Italy Local time: 02:46 | ||||||
Grading comment
| |||||||
| Summary of answers provided | ||||
|---|---|---|---|---|
| 5 +1 | Hotellingova teorema |
| ||
| 5 | teorija kuverte |
|
Answers
10 hrs confidence: 
teorija kuverte Explanation: teorija kuverte |
| |
Grading comment
| ||
| Login to enter a peer comment (or grade) | ||
21 hrs confidence: peer agreement (net): +1
peer agreement (net): +1Hotellingova teorema Explanation: To je jedna od "teorija igara", ekonomska teorija, u ovom delu odnosi se na maksimiziranje profita.Hotellingova teorija igara u uslovima oligopola. Radi se o grafiku profitne funkcije, tj. http://www.chass.utoronto.ca/~osborne/MathTutorial/MEE.HTM "Why is the result called the envelope theorem? The American Heritage Dictionary (3ed) gives one meaning of "envelope" to be "A curve or surface that is tangent to every one of a family of curves or surfaces". In the following figure, each black curve is the graph of f as a function of r for a fixed values of x. (Only a few values of x are considered; one can construct as many as one wishes.) Each of these graphs shows how f changes as r changes, for a given value of x. To find the solution of the maximization problem for any given value of r, we find the highest function for that value of r. For example, for r = r˘, the highest function is the one colored blue. The graph of the value function f * is the locus of these highest points; it is the envelope of the graphs for each given value of x. From the figure, the envelope theorem is apparent: the slope of the envelope at any given value of r is the slope of the graph of f (x*(r), r). (For example, the slope of the envelope at r˘ is the slope of the blue curve at r˘.) |
| |
| Login to enter a peer comment (or grade) | ||
Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.
KudoZ™ translation help
The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.
See also:
Search millions of term translations