Lecture

Decentralized Economy: Consumers and Firms

In course

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Description

This lecture explores the transition from a representative agent model to a decentralized economy, where consumers and firms make individual decisions on consumption, labor, and investment. The analysis shows that the outcomes in a decentralized economy align with those of a social-planner approach.

Instructor

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Official source

https://mediaspace.epfl.ch/media/0_rk60z4o4

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