43. Pareto Efficiency and the Edgeworth Box
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YouTubeIntromediate Econ
43. Pareto Efficiency and the Edgeworth Box
In this video, I explain the idea of Pareto efficiency. I define the idea, and I illustrate it with a simple numerical example. In the last section of the video, I relate the discussion of Pareto efficiency to the Edgeworth Box. For a list of videos and links to these videos (organized by topic), check out the Intromediate Microeconomics video ...
145.6K viewsNov 7, 2010
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