Abstract
In present paper we study a Pareto optimality set in finite pure exchange economies with fixed total resources and consumption sets. It is proved that a Pareto optimality set is nonempty, path-connected and compact, if the utility functions of the economical agents are continuous, monotone, concave and strictly quasi-concave.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
