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- Contradictory FOC and maximizing solution - Economics Stack Exchange
FOC are \textit {necessary} for an inner optimum (can be a max or min or saddle) and SOC (often) allow to characterize the type of optimum At the boundaries (when x go to 0 or 1) there can be a max (or a sup), a min (or an inf) with no FOC being satisfied
- Second Order Condition - Always means second derivative?
In optimisation, does First Order Condition (FOC) always mean a condition for a max min related to the first derivative Similarly, is Second Order Condition (SOC), called second order because it relates to the second derivative?
- FOCs for profit maximization using a transformation function
I'm (still) reading the microeconomics textbook of Mas-Colell et al On p 135, the profit maximization problem (PMP) for producers is introduced; characterizing the
- Externalities - First order conditions - Economics Stack Exchange
The optimization problem is My question is how did they arrive at those FOC's? UPDATE:The second part of this optimization is to look at the problem from firm 1 perspective, it follows like this: Now look at the problem from the point of view of firm 1 Once the victim firm makes its offer of a conditional bribe, firm 1 should take account of it
- FOC for King–Plosser–Rebelo preferences - Economics Stack Exchange
I found the same FOC in a paper from Ferede (Dynamic Scoring in the Ramsey Growth Model, here) and he says, that it is obtained by combining the first order conditions of the utility maximization with respect to capital and consumption (page 5)
- Jordi Gali Euler Equation Beta - Economics Stack Exchange
Jordi Gali book, page 42 There is no explanation gali book the notes which are prepared by Drago Bergholt (Page 6) explain FOC for "Ct" (2 13) and (2 18) explain Euler equation Writer uses FOC for "Ct" and FOC for "Ct+1" to form euler and I expect to different " β " for "Ct" and for "Ct+1" in (2 18) But there is only one " β " in (2 18)
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