Why are budget lines of the first and of the second traders in static Arrow- Hurwicz model

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Why are budget lines of the first and of the second traders in static Arrow- Hurwicz model identical (coincide)?

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Microeconomics Static And Dynamic Analysis Springer Texts In Business And Economics

ISBN: 9783031105531

1st Edition

Authors: Krzysztof Malaga, Karolina Sobczak

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Question Posted: Jan 31, 2024 02:00 AM

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Why are budget lines of the first and of the second traders in static Arrow- Hurwicz model

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The ArrowHurwicz model also known as ArrowDebreu model is an economic model that represents an econo...View the full answer

Microeconomics Static And Dynamic Analysis Springer Texts In Business And Economics

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