The Three Tailors' Tale

  • Reference: ECONE-1-E

  • Publication Date: Sep 25, 2014

  • Source: IESE (España)

  • Type of Document: Exercise

Grouped product items
Format Language Reference Use Qty Price
pdf English ECONE-1-E
As low as €8.20

You already have a subscription

To order please contact the person in charge of academic purchases in your university.
You'll be able to order once your profile has been validated.

Description

An island is inhabited by 600 residents. All wear identical clothes, which must undergo repairs once a month. There are two possible economic situations: one based on a custom-driven economy and another based on a competitive equilibrium.

Keywords

Competitive equilibrium Efficiency Income distribution