I was doing an exercise of utility and got confused with a min utility function. endowments can redistribute among individuals. How am i supposed to increase his utility. Can i simply reduce the endowment of this min utility person(or give him extra)?
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2$\begingroup$ Can you please be more specific regarding the utility function and what you are trying to do? $\endgroup$ – Oliv Apr 7 '17 at 9:54
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Given a utility function of the form $U(a,b)=min\{a,b\}$. Suppose that currently $a<b$. To increase utility, you should allocate more of $a$ to this person until $a=b$ and then increase $a,b$ proportionally.
