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18: General Equilibrium

Last updated

Jul 7, 2021
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- 17.8: Signaling Theory
- 18.1: The Edgeworth Box

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18.1: The Edgeworth Box
18.2: General Equilibrium Market Allocation
18.3: Pareto Optimality
The previous section used an Edgeworth Box with a price vector to find the initial equilibrium solution. In this chapter, we use the Edgeworth Box to display the optimal solution. The price vector is removed because prices play no role in determining the optimal solution. Just as with partial equilibrium, we logically separate the equilibrium from the optimal solution. If the two agree, then we know we have a good result.
18.4: General Equilibrium Monopoly

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