Corners, kinks, and the fine print of first-order conditions
Why I teach the standard optimal-choice conditions from the graph — the equation hides the differentiability, interiority, and curvature it depends on.
Writing
Occasional notes on economic theory, teaching, and things I’m working through.
Why I teach the standard optimal-choice conditions from the graph — the equation hides the differentiability, interiority, and curvature it depends on.