Abstract:Depreciation rate Econo-physics pure barter model (EPB) Edgeworth box Pure barter Theory of value a b s t r a c tThis article aims at a new approach for a known fundamental result: barter or trade increases economic value. It successfully bridges the gap between the theory of value and the exchange process attached to the transition from endowments to the equilibrium in the core and contract curve. First, we summarise the theory of value; in Section 2, we present the Edgeworth (1881) box and an axiomatic appro… Show more
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