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ID:39255639
大小:798.00 KB
页数:50页
时间:2019-06-28
《北大微观经济学课件]ch9BuyingandSelling》由会员上传分享,免费在线阅读,更多相关内容在教育资源-天天文库。
1、ChapterNineBuyingandSelling购买和销售StructureEndowments(禀赋)BudgetconstraintswithendowmentsNetdemandsPriceoffercurveExample:LaborsupplyComparativestaticsSlutskyequationrevisitedBuyingandSellingTradeinvolvesexchange--whensomethingisboughtsomethingelsemustbesold.Whatwillbebought?Whatwillbesold?Who
2、willbeabuyer?Whowillbeaseller?BuyingandSellingAndhowareincomesgenerated?Howdoesthevalueofincomedependuponcommodityprices?Howcanweputallthistogethertoexplainbetterhowpricechangesaffectdemands?EndowmentsThelistofresourceunitswithwhichaconsumerstartsishisendowment(禀赋).Aconsumer’sendowmentwillb
3、edenotedbythevector(omega).EndowmentsE.g.statesthattheconsumerisendowedwith10unitsofgood1and2unitsofgood2.Whatistheendowment’svalue?Forwhichconsumptionbundlesmayitbeexchanged?Endowmentsp1=2andp2=3sothevalueoftheendowmentisQ:Forwhichconsumptionbundlesmaytheendowmentbeexchanged?A:Foranybundl
4、ecostingnomorethantheendowment’svalue.BudgetConstraintsRevisitedSo,givenp1andp2,thebudgetconstraintforaconsumerwithanendowmentisThebudgetsetisBudgetConstraintsRevisitedx2x1w1w2BudgetConstraintsRevisitedx2x1w1w2BudgetsetChangingEndowmentsx2x1(w1’,w2’)(w1”,w2”)(w1,w2)ChangingtheendowmentChang
5、ingPricesx2x1w1w2ChangingpricesoftheendowmentChangingPricesx2x1w1w2BudgetsetChangingPricesx2x1w1w2Theendowmentpointisalwaysonthebudgetconstraint.Sopricechangespivottheconstraintabouttheendowmentpoint.NetDemandTheconstraintisThatis,thesumofthevaluesofaconsumer’snetdemands(净需求)iszero.Ne
6、tDemandsSupposeandp1=2,p2=3.ThentheconstraintisIftheconsumergrossdemands(毛需求)(x1*,x2*)=(7,4),then3good1unitsexchangefor2good2units.Netdemandsarex1*-w1=7-10=-3andx2*-w2=4-2=+2.NetDemandsp1=2,p2=3,x1*-w1=-3andx2*-w2=+2soThepurchaseof2extragood2unitsat$3eachisfundedbygivingup3good1unitsat$
7、2each.NetDemandsatDifferentPricesx2x1w1w2x2*x1*Atprices(p1,p2)theconsumersellsunitsofgood1toacquiremoreunitsofgood2.Netsellerofgood1x2x1w1w2x2*x1*Atprices(p1’,p2’)theconsumersellsunitsofgood2toacquiremoreofgood1.Netbuyerofgood1NetDemandsatDifferentPr
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