Re: ISI PEA 2015 discussion

Posted by amalgamateking on May 11, 2015; 5:55am
URL: http://discussion-forum.276.s1.nabble.com/ISI-PEA-2015-discussion-tp7596744p7596794.html

No, pretty sure they didnot ask for equilibrium prices and allocation. They asked what is the pareto efficient set of outcoems (which is the contract curve). Also as far as I can remember, subpart a of part 4 of question 1, said P1 is perfect substitutes and P2 is lexicographic towards X. Subpart b said P1 is perfect substitute and person 2 is lexicographic towards Y