Search Results
| Search type | Search syntax |
|---|---|
| Tags | [tag] |
| Exact | "words here" |
| Author |
user:1234 user:me (yours) |
| Score |
score:3 (3+) score:0 (none) |
| Answers |
answers:3 (3+) answers:0 (none) isaccepted:yes hasaccepted:no inquestion:1234 |
| Views | views:250 |
| Code | code:"if (foo != bar)" |
| Sections |
title:apples body:"apples oranges" |
| URL | url:"*.example.com" |
| Saves | in:saves |
| Status |
closed:yes duplicate:no migrated:no wiki:no |
| Types |
is:question is:answer |
| Exclude |
-[tag] -apples |
| For more details on advanced search visit our help page | |
Results tagged with pure-exchange-economy
Search options answers only
not deleted
user 1442
1
vote
Calculating the Competitive Equilibrium in a pure exchange economy with 3 comodities and 2 a...
First, there is no such thing as the competitive equilibrium price vector. If $(p_1,p_2,p_3)$ is a competitive equilibrium price vector, so is every positive multiple of this vector.
Second, to find t …
- 13.7k
2
votes
Accepted
How to find the competitive equilibrium?
Here is a lazy tricks-based approach that requires almost no calculations: First, we know that every equilibrium allocation must be Pareto efficient by the first welfare theorem. If $B$ consumes diffe …
- 13.7k
2
votes
Accepted
Competitive equilibrium in an exchange economy with lexicographic preferences
The preferences of agent $A$ cannot be represented by any utility function and the prefeences of $B$ not by a differentiable utility function, so forget calculus approaches.
Since $A$ has strictly mo …
- 13.7k
7
votes
Accepted
Pure exchange economy: Given an initial endowment are multiple equilibria possible?
Yes. The Debreu version of the Sonnenschein-Mantel-Debreu theorem guarantees that excess demand has to satisfy very little restrictions if there are as many consumers as commodities.
An explicit exam …
- 13.7k