What is the appropriate economic welfare standard for antitrust in general equilibrium? In this paper, we address this question in an Edgeworth box economy model of monopoly where one commodity is ...
The Journal of Economic Education, Vol. 40, No. 3 (SUMMER 2009), pp. 297-314 (18 pages) General equilibrium models now play important roles in many fields of economics including tax policy, ...
This is a preview. Log in through your library . Abstract I. The Bowley-Edgeworth box diagram can be used to describe an exchange but not a production equilibrium, 426.--II. A modified box diagram ...