Re: General Equilibrium - May 18

Posted by anon_econ on May 18, 2012; 2:48pm
URL: http://discussion-forum.276.s1.nabble.com/General-Equilibrium-May-18-tp7565438p7565524.html

Umm i'm getting the set of pareto efficient outcomes as all allocations (x11,x12)=(12,m) and (x21,x22)=(0,n) where m>=0,n>=0, m+n=8. And the competitive equilibrium is p1/p2=1. Demands are (12,0) and (0,8) for 1 and 2 respectively.