(M8E5) [Microeconomics] How to Find Pareto Efficient Allocations and Contract Curve

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In this episode I describe contract curve (set of all Pareto efficient allocations) and how we find Pareto efficient allocations in pure exchange economies.

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Комментарии
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Dear professor! In 3 days I have midterm exam for microeconomics theory, and find your lectures really captivating and interesting! After them I understand much much more! Thank you for your great explanations! çok teşekkürler

ozkolokUni
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hocam elinize kolunuza sağlık çok teşekkürler

gobekli_koc
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Increadible good teaching, thank you!!

tinah
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love your video, please keep updating！

yiyi
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The contract curve is not the same as the set of PO allocations. The black line represents the entire set of PO allocations. The contract curve is a part of that line, specifically the PO allocations that could be reached through trade starting from the initial endowment, and these typically improve both individuals compared to autarky.

juancruzhernandez
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Brilliant stuff, Professor, thank you!

DevilMG
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Now how do u find the function if the contract curve, isoquants and equilibrium are lready known

Christina-bpqg