In an edgeworthbox of an economy

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In an edgeworthbox of an economy, do the following

1-sketch a situation where preferences is not convex not strictly monotonic and there is no walraisian equilibrium.

2-sketch a situation where preferences is not convex not strictly monotonic yet walraisian equilibrium exist.

3- repeat (1) and (2), but this time assume preferences are not continuous. 

 

 

Reference no: EM13829884

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