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Finding the Pareto efficient allocations

Let $y_i$ be the contribution of agent i towards the production of $y$ $y=\sqrt{\sum y_i}$ So when $y=4$ $\Rightarrow \sum y_i=16 \Rightarrow \sum x_i = 14$ The set of pareto efficient allocations is \$...

Pareto Improvement with Monopolies

Most of the discussion on Pareto optimum misses the very basis of the model. It is simply a model describing how a set of producers and consumers moves to an equilibrium in a given market situation. ...
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