Competitive Equilibrium and Pareto Efficiency
Posted by Rain Man on Jun 03, 2012; 8:02am
URL: http://discussion-forum.276.s1.nabble.com/Competitive-Equilibrium-and-Pareto-Efficiency-tp7577446.html
Hi
If none of the agents can be made better-off without making the other worse-off the outcome is said to be pareto-efficient .
How do we find out if a competitive equilibrium for a 2good , 2 agent economy exists or not .
please help.