Answer to Question #245046 in Economics for omkar

Question

In the pure exchange economy solve for the competitive equilibrium when endowments are as follows:

e¹₁,.e¹₂.e¹₃.......=1,0,0,1,0,0,1,...

e²₁,e₂²,e₃²,...,...=0,1,1,0,1,1,0,...

Answer 1

Dear omkar, your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order