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北大微观经济学课件(英文版)Ch29Exchange,曼昆微观经济学英文版,微观经济学英文版,微观经济学英文版pdf,微观经济学课件,高鸿业微观经济学课件,平狄克微观经济学课件,范里安微观经济学课件,微观经济学课件ppt,曼昆微观经济学课件
中级微观经济学 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 diagram? 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 diagram? One feasible allocation is the before-trade allocation; i.e. the endowment allocation. The Endowment Allocation The Endowment Allocation The Endowment Allocation The Endowment Allocation The Endowment Allocation The Endowment Allocation The Endowment Allocation The Endowment Allocation Other Feasible Allocations denotes an allocation to consumer A. denotes an allocation to consumer B. An allocation is feasible if and only if Feasible Reallocations Feasible Reallocations Feasible Reallocations All points in the box, including the boundary, represent feasible allocations of the combined endowments. Feasible Reallocations All points in the box, including the boundary, represent feasible allocations of the combined endowments. Which allocations will be blocked by one or both consumers? Which allocations make both consumers better off? Adding Preferences to the Box Adding Preferences to the Box Adding Preferences to the Box Adding Preferences to the Box Adding Preferences to the Box Adding Preferences to the Box Adding Preferences to the Box Edgeworth’s Box Pareto-Improvement An allocation of the endowment that improves the welfare of a consumer without
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