Question
: Find all Walrasian equilibria for each of the following pure exchange economies with 2 goods and 2 consumers. 1. u A(x, y) = x
: Find all Walrasian equilibria for each of the following pure exchange economies with 2 goods and 2 consumers.
1. u A(x, y) = x + y; u B(x, y) = 8x + y; endowment ((10, 10),(0, 10))
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Microeconomics
Authors: Dean S. Karlan, Jonathan J. Morduch
2nd edition
1259813337, 1259813339, 978-1259813337
