Re: Strong vs Weak Pareto Efficiency - May 23

Posted by AJ on May 24, 2012; 9:15am
URL: http://discussion-forum.276.s1.nabble.com/Strong-vs-Weak-Pareto-Efficiency-May-23-tp7573642p7574799.html

okay.. This means I also took lower left and upper right vertical lines of vasudha's edgeworth box too..which are infact not weakly pareto optimal..!! :(

@ AMIT sir, vasudha
what is the best way to proceed in G.E. questions..??

like for competitive Equilibrium.. I start with demand functions of both individuals and then take one good.. and equal the demand with endowment of that good.. (and normalize one of the price)

And for Pareto optimal.. I take some random points, see their behavior.. and draw conclusion on that basis... but this way ofcourse I can make mistakes like above...
So, is it always better to try to find points on edgeworth box...like vasudha did.. and then draw conclusion...

Vasudha, how u proceed for these questions...??