! i need 'b' part Suppose that 2 agents, A and B, have preferences over goods 1 and 2:u+(x4)2xt + x and u3 (x³) =xx3. Total endowments are e =B„Be24.(a) Find the contract curve.(b) If initial endowments are e4(4,0) and eB(0, 4), what is thecore?

Contract curve shows the all possible combination of two agent's goods allocation where both…

Suppose that 2 agents, A and B, have preferences over goods 1 and 2: u (x4) = 2x + x and u³ (x³) = xF x. Total endowments are ej = e2 = 4. Find the contract curve. (b) If initial endowments are e4 (4,0) and eB = (0, 4), what is the core?

Suppose that 2 agents, A and B, have preferences over goods 1 and 2: u (x4) = 2x + x and u³ (x³) = xF x. Total endowments are ej = e2 = 4. Find the contract curve. (b) If initial endowments are e4 (4,0) and eB = (0, 4), what is the core?

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter13: General Equilibrium And Welfare

Section: Chapter Questions

Problem 13.5P

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Question

! i need 'b' part

Suppose that 2 agents, A and B, have preferences over goods 1 and 2:
u+(x4)
2xt + x and u3 (x³) =
xx3. Total endowments are e =
B„B
e2
4.
(a) Find the contract curve.
(b) If initial endowments are e4
(4,0) and eB
(0, 4), what is the
core?

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Question 1. (i) please!
Suppose that 2 agents, A and B, have preferences over goods 1 and 2: u+(x4) 2x + x5 and u (x³) = xFx. Total endowments are ej = B B Total endowments are e¡ = e2 = 4, (a) Find the contract curve. (b) If initial endowments are e4 = A (4,0) and eB (0, 4), what is the core?
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Suppose that 2 agents, A and B, have preferences over goods 1 and 2: u+(x4) 2.xf + x and u (x²) = xfx. Total endowments are ej = e2 = 4, (a) Find the contract curve. (b) If initial endowments are e4 (4, 0) and eB (0, 4), what is the core?
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