If someone were to come along and reallocate (redistribute) the endowments so that they were exactly the same for everyone, what do you think would happen? From a social perspective, how would you define the "ideal" allocation (distribution of the n goods) in this economy? That is, what makes one outcome "best"? What is the best way of achieving this outcome/allocation? What more would you want to know about this economy in order to answer this?
Paper#30662 | Written in 18-Jul-2015Price : $22