IDEAS home Printed from
   My bibliography  Save this article

A Closed System of Production Possibility and Social Welfare


  • Bill Hamlen

    () (State University of New York at Buffalo)

  • Kevin Hamlen

    () (University of Texas at Dallas)


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.

Suggested Citation

  • Bill Hamlen & Kevin Hamlen, 2006. "A Closed System of Production Possibility and Social Welfare," Computers in Higher Education Economics Review, Economics Network, University of Bristol, vol. 18(1), pages 15-18.
  • Handle: RePEc:che:chepap:v:18:y:2006:i:1:p:15-18

    Download full text from publisher

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. Alejandro Hazera, 2005. "Using the Mathcad Solver to Teach Portfolio Optimisation," Computers in Higher Education Economics Review, Economics Network, University of Bristol, vol. 17(1), pages 25-30.
    Full references (including those not matched with items on IDEAS)


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. William Hamlen & Kevin Hamlen, 2012. "An Interactive Computer Model of Two-Country Trade," International Review of Economic Education, Economics Network, University of Bristol, vol. 11(2), pages 91-101.

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:che:chepap:v:18:y:2006:i:1:p:15-18. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Martin Poulter). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.