Question: There are two consumers A and B, and two commodities x and y. UA=axA+yA: Utility function of consumer A. wAx : consumer A s endowment

There are two consumers A and B, and two commodities x

There are two consumers A and B, and two commodities x and y. UA=axA+yA: Utility function of consumer A. wAx : consumer A s endowment of goodx wAy : consumer A s endowment of good y UB=min{axB,yB}: Utility function of consumer B wBx : consumer B s endowment of goodx wBy : consumer B s endowment of good y Find the equation of the contract curve. There are two consumers A and B, and two commodities x and y. UA=axA+yA: Utility function of consumer A. wAx : consumer A s endowment of goodx wAy : consumer A s endowment of good y UB=min{axB,yB}: Utility function of consumer B wBx : consumer B s endowment of goodx wBy : consumer B s endowment of good y Find the equation of the contract curve

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