Micro theory :: Walrasian equilibrium :: Cobb-Douglas preferences
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Micro theory :: Walrasian equilibrium :: Cobb-Douglas preferences

        

Micro theory :: Walrasian equilibrium :: Cobb-Douglas preferences

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By means of six spin buttons, the user sets the parameters for the Cobb-Douglas preferences for each trader, the total endowment shared by the two traders and the initial endowment for Trader A. The initial endowment for Trader B and the accompanying graph automatically update, showing the contract curve, the initial endowment point and the Walrasian equilibrium. Click the image above left to see a screen capture of the interface.
Material Type: Animation
Technical Format: Other
Date Added to MERLOT: March 23, 2005
Date Modified in MERLOT: November 20, 2011
Author:

Details

  • Reviewed by members of Editorial board for inclusion in MERLOT.
    Editor Review (not reviewed)
  • User Rating (not rated)
  • Comments (none)
  • Learning Exercises (none)
  • Personal Collections (none)
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About

Primary Audience: College General Ed, Graduate School
Mobile Compatibility: Not specified at this time
Technical Requirements: Microsoft Excel (Windows)
Language: English
Material Version: Excel 2000
Cost Involved: no
Source Code Available: no
Accessiblity Information Available: no
Creative Commons: unsure

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