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Pareto frontier. Consider a two-good economy with n consumers indexed by i. Consumer i has utility function ui(x, y) = i log xi (1i) log
Pareto frontier. Consider a two-good economy with n consumers indexed by i. Consumer i has utility function ui(x, y) = i log xi (1i) log yi . Aggregate endowments in each good are given by x and y. An allocation is feasible if it allocates no more than the aggregate endowment for each good. Characterize the Pareto frontier for this economy
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