Why, in the static Arrow-Hurwicz model, is every allocation which is Pareto optimal and accepted by traders

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Why, in the static Arrow-Hurwicz model, is every allocation which is Pareto optimal and accepted by traders feasible with regard to an initial allocation? Use the Edgeworth box to explain this.

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Microeconomics Static And Dynamic Analysis Springer Texts In Business And Economics

ISBN: 9783031105531

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Authors: Krzysztof Malaga, Karolina Sobczak

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Question Posted: Jan 31, 2024 02:00 AM

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Why, in the static Arrow-Hurwicz model, is every allocation which is Pareto optimal and accepted by traders

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The ArrowDebreu model often referred to as the ArrowHurwicz model is an economic model of a general equilibrated economy that is used to demonstrate t...View the full answer

Microeconomics Static And Dynamic Analysis Springer Texts In Business And Economics

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