L2.18 Pareto efficiency: Example of Quasi-linear utilities u = x + 2(y^0.5)

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  • Опубликовано: 21 авг 2024
  • Course Instructor - Amit Goyal
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Комментарии • 3

  • @dahyunsung1241
    @dahyunsung1241 Месяц назад +1

    Thank you so much for your nice video! I have a question in last part, how can we tell whether it is pareto optimal as well at boundaries of right side (only above 2 of right side)?

    • @econ.school
      @econ.school  Месяц назад

      Thanks for the appreciation. The argument for the right-top (above 2) is symmetric to the argument for the left-bottom (below 2) side of the Edgeworth box.

    • @econ.school
      @econ.school  Месяц назад

      Here is another way to show that the right side of the box above y_1=2 is efficient: ruclips.net/video/vqXWlVFN4Z4/видео.htmlfeature=shared