General Equilibrium price taking1(伦敦经济学院高级微观讲义).ppt

General Equilibrium: price taking Overview... Some puzzles in competitive equilibrium analysis Why price-taking? Building an Edgeworth box The situation from Alfs point of view Alfs offer curve The situation from his point of view ...as an Australian Bills offer curve Price-taking utility-maximising Alf Given competitive behaviour, the CE is the only consistent allocation So where do the prices come from? A fresh approach Why price-taking? View the population... ...is formed by any subgroup The idea of blocking: a little story if we can find a coalition... A formal approach Use the idea of blo