高级微观经济学AdvancedMicroeconomics课件PPTLecture12精品教案课件讲义PPT.pptVIP

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高级微观经济学AdvancedMicroeconomics课件PPTLecture12精品教案课件讲义PPT.ppt

Lecture12:Exchange

GeneralEquilibriumtheoryI

ContentPureexchangesystemTheexistenceofWalrasianequilibriumThefirsttheoremofwelfareeconomicsThesecondtheoremofwelfareeconomicsExchangewithproduction.

PureexchangesystemAnallocationA=(x1,…xI)isfeasibleifistheendowmentsofcommoditylEdgeworthbox:2×2

PureexchangesystemWalrasianequilibrium:AnallocationandpriceareaWalrasianequilibrium,if:UtilitymaximizationFeasibleseethefig.

TheexistenceofWalrasianequilibriumGivenane

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