First and second welfare theorem - intuition
In this video, I discuss the differences and similarities of the 1st and 2nd welfare theorems. In particular, I discuss with an example why the convexity assumption is necessary.
I'm an award-winning teacher who has taught for leading institution including, LSE, University of Oxford, Sciences Po and Stanford University. If you are interested in private tutorials you can visit:
https://www.axiomtutoring.com
Видео First and second welfare theorem - intuition канала AxiomTutoring
I'm an award-winning teacher who has taught for leading institution including, LSE, University of Oxford, Sciences Po and Stanford University. If you are interested in private tutorials you can visit:
https://www.axiomtutoring.com
Видео First and second welfare theorem - intuition канала AxiomTutoring
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