Re: General Equlibrium

Posted by lol on May 26, 2013; 5:38am
URL: http://discussion-forum.276.s1.nabble.com/General-Equlibrium-tp7581281p7581288.html

though it looks like lexicographic preferences it is not.

In lexicographic preferences ordering is such that first quantity of X will be compared irrespective of the quantity of the other good ( here Y).

So if one bundle has more of X it will be preferred irrespective of how much Y it contains.

let me know if you find anything wrong.

Cheers