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Ec721 PROBLEM SET 1 1. Consider the Eswaran-Kotwal model of farming households in an economy with a smooth, strictly concave CRS production function f (h, n) of land and labor used in cultivation, and a utility function
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Document Date: 2015-09-17 10:58:10
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Ec721 PROBLEM SET 1 1. Consider the Eswaran-Kotwal model of farming households in an economy with a smooth, strictly concave CRS production function f (h, n) of land and labor used in cultivation, and a utility function