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

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

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.
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