Public Finance (The McGraw-Hill Series in Economics)
10th Edition
ISBN: 9780078021688
Author: Harvey S Rosen, Ted Gayer
Publisher: McGraw-Hill Education
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Question
Chapter 3, Problem 5DQ
a.
Summary Introduction
To draw: The Edgeworth box which shows the initial allocation by assuming the conventionally shaped indifference curve for both individuals.
b.
Summary Introduction
To determine: The manner in which the ban of selling tickets can lead to inefficient outcomes.
c.
Summary Introduction
To determine: A situation in which ban of selling tickets do not reduce efficiency for the two individuals.
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