Re: DSE 2013 Paper Discussion

Posted by Akshay Jain on May 22, 2014; 4:04pm
URL: http://discussion-forum.276.s1.nabble.com/DSE-2013-Paper-Discussion-tp7584703p7590434.html

In ques 39 no trade vl take place as both the consumers prefer their endowments coz of lexicographic preferences....so any pair of positive prices vl survive as a comp equilibrium price.....option b
ques 40 is option d bcoz there vl be one for one trade b/w both of dem.....if unclear on this...try edgeworth box.....