A Closed System of Production Possibility and Social Welfare

Bill Hamlen () and Kevin Hamlen ()
Additional contact information
Bill Hamlen: State University of New York at Buffalo
Kevin Hamlen: University of Texas at Dallas

Computers in Higher Education Economics Review, 2006, vol. 18, issue 1, pages 15-18

Abstract: We offer a closed system production possibility and social welfare system that can be modelled using virtually any available software package. It has the attribute that social welfare is not independent of production possibilities. The closure is made using the famous result by Negishi (1960) for a purely competitive economy. The goal is to help students to understand the interaction, through experimentation, between production and social choice in a competitive economy.

Date: 2006
View list of references

Downloads: (external link)
http://www.economicsnetwork.ac.uk/cheer/ch18/hamlen.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:che:chepap:v:18:y:2006:i:1:p:15-18

Ordering information: This journal article can be ordered from

Access Statistics for this article

Computers in Higher Education Economics Review is edited by W. David McCausland

More articles in Computers in Higher Education Economics Review from Economics Network, University of Bristol
Address: University of Bristol, BS8 1HH, United Kingdom
Contact information at EDIRC.
Series data maintained by Martin Poulter ().