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BPP Field Exam 2010 Answers (view source)
Revision as of 18:04, 28 March 2011
, 18:04, 28 March 2011no edit summary
* The prompt also does not explicitly require a balanced budget. However, no source of funding for the agents is mentioned besides the combined output V of the individual agents. As such, I will assume that the budget balance restriction must hold.
(a) <bi>My answer, assuming that some shares can be different</bi>.
(b) <bi>My answer, assuming that all shares must be equal</bi>.
<b>Question B1.2</b>
