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Consider an economy populated by N agents, each of which has an endowment given of y1 = 1 apple in period 1 and y2 =
Consider an economy populated by N agents, each of which has an endowment given of y1 = 1 apple in period 1 and y2 = 1 apple in period 2. Preferences are given by: U(c1,c2) = c1^ (1/2) + c2^ (1/2)
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Price theory and applications
Authors: Steven E landsburg
8th edition
538746459, 1133008321, 780538746458, 9781133008323, 978-0538746458
