Re: DSE 2006 21 General Equilibrium Please help!

Posted by maahi on Jun 23, 2013; 4:04pm
URL: http://discussion-forum.276.s1.nabble.com/DSE-2006-21-General-Equilibrium-Please-help-tp7582678p7582804.html

21 >agent 1's dd :
for px=0  as d good is in excess py >0
y = 5 py /px+py = 5
x = at least 5 units of x

agent 2's dd :

x= at least 0 units
y= 0

allocation (3,3)  (7,2)
 since d allcation is nt equal to whta wud be dd . its not a comp eqm . right ?

22 > allocation : (10,5 ) and 0,0
satisfies d dd so comp eqm ..

yay !!

thnks duck