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Suppose there are two agents in the the Anow-Debreu economy Suppose that in period O instantaneous wileys the some for two agents. Suppose that penod
Suppose there are two agents in the the Anow-Debreu economy Suppose that in period O instantaneous wileys the some for two agents. Suppose that penod 1 instarts- than Agent 2 for any given level of consumption Suppose that agents have the same docount factor, There are two states in period 1. Good and Bad. The endowments of both agents are the same in all states. Moreover the endowment in good state is higher than the e document in the bed suite What is the potters of trade of Areasecurties? Select one Ca Apart 1 buys Bad state Arrow security Som Agent 2 and was Good state Arron security to Agent 2
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