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41 19 22 voters - PowerPoint PPT Presentation

Donald G. Saari Institute for Mathematical Behavioral Sciences University of California, Irvine

The surprising complexity of economics. Donald G. Saari Institute for Mathematical Behavioral Sciences University of California, Irvine dsaari@uci.edu. x*. Supply. Budget line; (p, x-w)=0. Demand. Economics 101. Commodity 2. Prices p = (p 1 , p 2 ). Initial endowment w = (w 1 , w 2 ).

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41 19 22 voters - PowerPoint PPT Presentation

Donald G. Saari Institute for Mathematical Behavioral Sciences University of California, Irvine