Second Fundamental Theorem of Welfare Economics: Statement, Convexity Assumptions, Tax & Transfer

Описание к видео Second Fundamental Theorem of Welfare Economics: Statement, Convexity Assumptions, Tax & Transfer

In this class we talk only about Second Fundamental Theorem. The reason & importance of this theorem. Also the implication of Tax & direct benefit transfer under Walrasian System. The proof is beyond the scope of UG level.

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