Ch29Exchange(微观-范里安-(上海交通大学,赵旭).ppt

Chapter Twenty-Nine Exchange Exchange Two consumers, A and B. Their endowments of goods 1 and 2 are  E.g. The total quantities available Exchange Edgeworth and Bowley devised a diagram, called an Edgeworth box, to show all possible allocations of the available quantities of goods 1 and 2 between the two consumers. Starting an Edgeworth Box Starting an Edgeworth Box Starting an Edgeworth Box Starting an Edgeworth Box Feasible Allocations What allocations of the 8 units of good 1 and the 6 units of good 2 are feasible? How can all of the feasible allocations be depicted by the Edgeworth box d