how to raise utility of an individual having min utility function I was doing an exercise of utility and got confused with a min utility function. endowments can redistribute among individuals. How am i supposed to increase his utility. Can i simply reduce the endowment of this min utility person(or give him extra)?
Given a utility function of the form $U(a,b)=min\{a,b\}$. Suppose that currently $a&lt;b$. To increase utility, you should allocate more of $a$ to this person until $a=b$ and then increase $a,b$ proportionally.