Walrasian equilibrium
Posted by RichaS on
URL: http://discussion-forum.276.s1.nabble.com/Walrasian-equilibrium-tp7603269.html
The answer to the second part (competitive equilibrium) is the 45° line from top left to bottom right in an edgeworth box with price ratio equal to 1.
But can anyone explain how? I got the price ratio=1 but not the equilibrium allocations.
URL: http://discussion-forum.276.s1.nabble.com/Walrasian-equilibrium-tp7603269.html
The answer to the second part (competitive equilibrium) is the 45° line from top left to bottom right in an edgeworth box with price ratio equal to 1.
But can anyone explain how? I got the price ratio=1 but not the equilibrium allocations.
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