Re: how to solve for competitive equillibrium

Posted by Viren on Jul 09, 2010; 10:29am
URL: http://discussion-forum.276.s1.nabble.com/how-to-solve-for-competitive-equillibrium-tp5269273p5273779.html

HI Nidhi! that was really helpful.however can you please answer the following queries also:-
1. the solution you have provided , is one in which only 1 person maximises his utility and person 2 does not.So why is it a competitve equillibrium ?
2.Also for that matter , can x1,y1=(999,1000) and x2,y2=(0,0) be an answer?

thanks