Econ501amidPO - sumer 0.2 0.4 0.6 0.8 1 y 0.2 0.4 0.6 0.8 1...

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Pareto optimal allocations are ones for which there are no gains from trade. It is impossible to make one consumer better o® without hurting the other con-
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Unformatted text preview: sumer. 0.2 0.4 0.6 0.8 1 y 0.2 0.4 0.6 0.8 1 x A Pareto Optimal Allocation in an Edgeworth Box...
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This note was uploaded on 07/17/2008 for the course ECON 501.02 taught by Professor Yang during the Spring '08 term at Ohio State.

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