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Chapter 18 / Trading from an Endowment

18.7 Summary

Things you should know


Comparative statics

Different prices for buying and selling

If the price at which you can buy things differs from the price at which you can sell them, there is a kink at the endowment point:

Things you should be able to do

Purpose of the homework

Previous: Different Prices for Buying and Selling
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Copyright (c) Christopher Makler /