BOUNDARY EFFECTS IN THE MARSCHAK-MACHINA TRIANGLE

Boundary effects in the Marschak-Machina triangle

This paper presents the results of a study Tie Downs that sheds new light on the shape of indifference curves in the Marschak-Machina triangle.The most important observation, obtained non-parametrically, concerns jumps in indifference curves at the triangle legs towards the triangle origin.These jumps, however, do not appear at the hypotenuse.The p

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