Assertion: contract curve | /r/HasProperty | the set of points
Facets:
value: in microeconomics
type: LOCATION
Source sentences:
text: In microeconomics, the contract curve is the set of points representing final allocations of two goods between two people that could occur as a result of mutually beneficial trading between those people given their initial allocations of the goods.
text: Thus the contract curve, the set of points Octavio and Abby could end up at, is the section of the Pareto efficient locus that is in the interior of the lens formed by the initial allocations.