Economics 440Public FinanceFall 2016Allen HeadAssignment 1(Due Friday, September 30th)1. Pure exchan
Economics 440Public FinanceFall 2016Allen HeadAssignment 1(Due Friday, September 30th)1. Pure exchange economies are completely described by specifications of agents’ preferencesand endowments. Consider the following two good, two agent pure exchange economy:• Let xhi denote agent h’s consumption of good i, where i = 1, 2 and h = 1, 2.• Let ? h = (?1h […]
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