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- Contract_curve abstract "In microeconomics, the contract curve is the set of points representing final allocations of two goods between two people that could occur as a result of mutually beneficial trading between those people given their initial allocations of the goods. All the points on this locus are Pareto efficient allocations, meaning that from any one of these points there is no reallocation that could make one of the people more satisfied with his or her allocation without making the other person less satisfied. The contract curve is the subset of the Pareto efficient points that could be reached by trading from the people's initial holdings of the two goods. It is drawn in the Edgeworth box diagram shown here, in which each person's allocation is measured vertically for one good and horizontally for the other good from that person's origin (point of zero allocation of both goods); one person's origin is the lower left corner of the Edgeworth box, and the other person's origin is the upper right corner of the box. The people's initial endowments (starting allocations of the two goods) are represented by a point in the diagram; the two people will trade goods with each other until no further mutually beneficial trades are possible. The set of points that it is conceptually possible for them to stop at are the points on the contract curve. Any Walrasian equilibrium lies on the contract curve. As with all points that are Pareto efficient, each point on the contract curve is a point of tangency between an indifference curve of one person and an indifference curve of the other person. Thus, on the contract curve the marginal rate of substitution is the same for both people.".
- Contract_curve thumbnail Contract-curve-on-edgeworth-box.svg?width=300.
- Contract_curve wikiPageID "541323".
- Contract_curve wikiPageLength "8077".
- Contract_curve wikiPageOutDegree "15".
- Contract_curve wikiPageRevisionID "671605417".
- Contract_curve wikiPageWikiLink Andreu_Mas-Colell.
- Contract_curve wikiPageWikiLink Category:Economics_curves.
- Contract_curve wikiPageWikiLink Category:Welfare_economics.
- Contract_curve wikiPageWikiLink Competitive_equilibrium.
- Contract_curve wikiPageWikiLink Edgeworth_box.
- Contract_curve wikiPageWikiLink File:Contract-curve-on-edgeworth-box.svg.
- Contract_curve wikiPageWikiLink Indifference_curve.
- Contract_curve wikiPageWikiLink Indifference_curves.
- Contract_curve wikiPageWikiLink List_of_economics_topics.
- Contract_curve wikiPageWikiLink Marginal_rate_of_substitution.
- Contract_curve wikiPageWikiLink Microeconomics.
- Contract_curve wikiPageWikiLink Outline_of_economics.
- Contract_curve wikiPageWikiLink Pareto_efficiency.
- Contract_curve wikiPageWikiLink Pareto_efficient.
- Contract_curve wikiPageWikiLink Walrasian_equilibrium.
- Contract_curve wikiPageWikiLink Welfare_economics.
- Contract_curve wikiPageWikiLinkText "Contract curve".
- Contract_curve wikiPageWikiLinkText "contract curve".
- Contract_curve hasPhotoCollection Contract_curve.
- Contract_curve subject Category:Economics_curves.
- Contract_curve subject Category:Welfare_economics.
- Contract_curve hypernym Set.
- Contract_curve type Microeconomic.
- Contract_curve type Socioeconomic.
- Contract_curve comment "In microeconomics, the contract curve is the set of points representing final allocations of two goods between two people that could occur as a result of mutually beneficial trading between those people given their initial allocations of the goods.".
- Contract_curve label "Contract curve".
- Contract_curve sameAs منحنى_تعاقد.
- Contract_curve sameAs Kontraktkurve.
- Contract_curve sameAs Curva_de_contrato.
- Contract_curve sameAs Courbe_des_contrats.
- Contract_curve sameAs m.02n63d.
- Contract_curve sameAs Договорная_кривая.
- Contract_curve sameAs Q1575536.
- Contract_curve sameAs Q1575536.
- Contract_curve wasDerivedFrom Contract_curve?oldid=671605417.
- Contract_curve depiction Contract-curve-on-edgeworth-box.svg.
- Contract_curve isPrimaryTopicOf Contract_curve.