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How to find the contract curve for a funky utility involving the min operator?
Suppose a pure exchange economy where agents’ ($A$ and $B$) preferences are given by the following utility functions:
$u_A = \min(3x+y,x+3y)$
$u_B = x^\frac{1}{2} y^\frac{1}{2}$
Find the contract ...
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How to find the contract curve when both agents have linear utilities?
I'm trying to solve the following excercise:
Find the contract curve for an exchange economy where agents' ($A$ and $B$) preferences and endowments are given by:
$u_A = x_A + y_A$
$u_B = s x_A + y_A$
$...
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