|
There are three commodities and two agents with endowments
ω1 = (0,3,0), ω2 = (1,0,1)
and utility functions
u1(x11,x12,x13) = x11 + 2x13, u2(x21,x22,x23) = x21 + x22 + x23
Determine the Walrasian equilibria. Also determine the set of Pareto efficient allocations.
|