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Economics 214 Lecture 34 Multivariate Optimization.

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Presentation on theme: "Economics 214 Lecture 34 Multivariate Optimization."— Presentation transcript:

1 Economics 214 Lecture 34 Multivariate Optimization

2 Multiproduct Monopolist

3 Multiproduct Monopolist Cont.

4 Price Discrimination

5 Price Discrimination Cont.

6 Second Order Conditions

7 A sufficient condition for a stationary point of a univariate function to be a local maximum is that the second derivative evaluated at that point is negative. This implies that a sufficient condition for a local maximum is that the second differential at the point be negative. A sufficient condition for a local minimum of a univariate function is that the second differential evaluated at that point is positive for any dx.


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