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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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)?
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.
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