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Core and competitive equilibrium

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Edgeworth Box. Let e1 D .1; 2/ and e2 D .2; 3/. Find (compute and picture) the Pareto set, core and competitive equilibrium for each of the following cases:

(a) u1.x; y/ D x C y; u2.x; y/ D 2x C 3y

(b) u1.x; y/ D x1=2y1=2; u2.x; y/ D x2=3y1=3

(c) u1.x; y/ D minfx; yg; u2.x; y/ D minf2x; 3yg

(d) u1.x; y/ D x C y; u2.x; y/ D minf2x; 3yg

(e) u1.x; y/ D x1=2y1=2; u2.x; y/ D minf2x; 3yg

Reference no: EM131785459

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