Fundamental theorems of welfare economics, Econometrics

1. What are the two roles that prices play in a competitive economy? How are these two roles related to the Fundamental Theorems of Welfare Economics?

2. The Undercover Economist. It is on reserve in the Reserve Reading Room in the Library for Econ 357(01). Provide a summary, based on the analogy in this chapter, for Arrow's [Second Fundamental Theorem of Welfare Economics] resolution of the trade off between efficiency and fairness.

3. Explain the relationship betweenWalras' Law, the use of a numeraire good, and why only relative prices matter.

Posted Date: 3/13/2013 3:48:49 AM | Location : United States







Related Discussions:- Fundamental theorems of welfare economics, Assignment Help, Ask Question on Fundamental theorems of welfare economics, Get Answer, Expert's Help, Fundamental theorems of welfare economics Discussions

Write discussion on Fundamental theorems of welfare economics
Your posts are moderated
Related Questions
Assume that Jane spends her entire income of $100 on two goods,  x  and  y.  Moreover, these goods are perfect complements for her.  Let the price of good  x  go up while the price

Outdoor Travel Inc. needs to estimate the cost of capital for the evaluation of capital expenditures. A typical project is financed with 25% debt-to-value ratio (i.e., D/(D+E) = 0.

Hello I am a PostGrad student. Need some help in the coursework

what factors affect the choice of material handling systems

Ask question #are there any welfare or subsidy payment that should be reviewed or added?

if there is multicollinearity so why we can not estimate the value of parameters?

The  firm  is  considering  manufacturing  a  second  product  in  its  factory alongside the first. The demand functions for the two products are: Q d1 =180 - 4P 1 Q d2 =90

How will government regulation impact decision making

i need help in project

You are gambling. There is a white urn in front of you, which contains a total of 100 black and white balls. You are blindfolded, get to pick one ball randomly, and see which color