Competitive Equilibrium), for an Edgeworth Box: De nition: Price vector p and an allocation x = (x 1;x 2) in the Edgeworth box such that for i= 1;2 x i % ix ifor all x0i2B i(p) At equilibrium, the o er curves of the two consumers intersect Any intersection of the o er curves outside of!corresponds to a WE Only This introduction to general equilibrium analysis consists of three parts. You shouldn’t forget what you have learned thus far because: Many of the skills and lessons from optimization pro