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Results tagged with edgeworth-box
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Find the set of Pareto efficient allocations. $U_1 = -|x_1-2|$ and $U_2 = −|x_2 − 8|$
A professor has 20 hours to allocate between two PhD students. Let x1 and x2 be the time allocated to the two students. The utility of each student is as follows:
$U_1 = −|x_1 − 2|$ and $U_2 = −|x_2 − …
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