Bill Hamlen () (State University of New York at Buffalo) Kevin Hamlen () (University of Texas at Dallas)
Abstract
We offer a closed system production possibility and social welfare system that can be modelled using virtually any available software package. It has the attribute that social welfare is not independent of production possibilities. The closure is made using the famous result by Negishi (1960) for a purely competitive economy. The goal is to help students to understand the interaction, through experimentation, between production and social choice in a competitive economy.
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Volume (Year): 18 (2006) Issue (Month): 1 () Pages: 15-18 Download reference. The following formats are available: HTML,
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Handle: RePEc:che:chepap:v:18:y:2006:i:1:p:15-18
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