Unformatted text preview: economy: continuous non-satiated preFerences, incomes continuous as a Function oF prices, and the Weak Walras’ Law. Hint for 18.6 Section 18.4 oF Starr’s General Equilibrium Theory, draft 2nd edition , especially the statement and prooF oF Theorem 18.2, should be helpFul. Hint for 19.13 It is no longer generally true that p ◦ · w ◦ i = M i ( p ◦ ) = p ◦ · r i + s j α ij ( p ◦ · y ◦ j ) . Explain why. Hint for 19.14 Note the answer to Midterm 2, ”Even-Even-Even,” # 1. It says that Problem 14.2 is merely the model oF Chapters 11 - 18, with a redistribution oF endowment....
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This note was uploaded on 11/30/2011 for the course ECON 311 taught by Professor Zambrano during the Fall '08 term at Cal Poly.
- Fall '08